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With a footprint in a number of industries, ACWA Power International is a developer, investor, co-owner and operator of plants with a generation portfolio of over fifteen thousand megawatts of power and three million cubic metres of desalinated water per day. The company’s investment value is in excess of USD 23 billion and it provides employment to two and a half thousand people. WRITTEN BY JACK SLATER

WHERE THE SUN SHINES


ACWA POWER BOKPOORT POWER PROJECT

Acwa Power, which is incorporated in the Kingdom of Saudi Arabia, has at its core business the delivery of electricity and desalinated water which is achieved by operating assets in which it has a meaningful level of investment to exercise operational control.

F

rom its head office in

by publication Euromoney in 2010 and 2012, and for three years in

Saudi

ACWA

a row as one of the 100 fastest growing companies in Saudi Arabia.

Arabia,

expanding

Equally impressive, in January 2010 and 2011, its efforts in the field

throughout the GCC, and to

of corporate social responsibility were recognized through an award

Jordan, Egypt and further afield

for Responsible Competitiveness by the Saudi Arabian General

to Turkey, Morocco, and the

Investment Authority (SAGIA) and the King Khalid Foundation.

Power

is

southern region of Africa. ACWA

The hierarchy of ACWA Poweris one where the top decision

Power has a vision of developing

makers understand the importance of the employees all the way to

the economic growth of its client

the bottom and take significant steps in providing the best places to

nations

work.

by

encouraging

the

ingenuity and entrepreneurship

“Back in 2004,” CEO Paddy Padmanathan says, “Saudi Arabia

of the private sector to create a

turned to the private sector to share the responsibility for generating

reliable source of electricity and

electricity and producing desalinated water by using private public

desalinated water.

partnerships. Our founding shareholders saw an opportunity to use

ACWA Power has come a

this domestic platform to create a world class developer of high-

long way since the founding days

performing assets that competes with peers from the developed

of in 2004; far enough to have

world.”

been twice recognized as the

By 2009 ACWA Power had amassed a powerful portfolio and had

‘Middle East Sponsor of the Year’

taken its first steps outside Saudi Arabia with the strategic acquisition


Endeavour Magazine | 115


ACWA POWER BOKPOORT POWER PROJECT

of a 58% share of Barka 1 IWPP,

been undertaken in strengthening the company’s organizational

This is a greenfield project

an operational plant in the

development by institutionalizing the processes and procedures. This

being developed on a BOO

Sultanate of Oman.

has been made a priority for the company for the medium term.

(build, own and operate) basis

also

“We have achieved our objectives of building a team and

located in the Northern Cape

international

assembling a world class portfolio of projects and implementing our

province of South Africa with a

offices, in Dubai, Beijing and

next plan which is based on our proven ability to reliably dispatch

net generation capacity of 50

Istanbul,

water and power,” he concludes.

MW with 9 hours of thermal

ACWA established

Power five

has

Johannesburg

and

Rabat and has on the ground

THE PROJECTSinclude a series of ambitious but well defined

energy storage. Once completed

presences in Jordan and Oman.

growth targets to be achieved by 2018: a portfolio approaching

it will be a CSP power plant with

Its employees provide a wealth

38,000 MW gross contracted capacity of power and five million m3/

the longest amount of thermal

of experience and are carefully

day of gross desalinated water, including a new Greenfield production

storage in the world.

picked, being the very best,

capacity of 17,700 MW of power and 1 million m3/day of desalinated

The Bokpoort CSP Project

to fuel the company’s growth

water; acquisitions of operating capacity of 7,600 MW of power and

comprises a solar field, a power

strategy. “Much of the glory

1.5 million m3/day of desalinated water; and most impressively, to

block, a thermal energy storage

for our achievements rightfully

have approximately 10% of its power generating capacity coming

system and related infrastructure

belongs to our multi-disciplinary

from renewable energy sources, principally from solar power.

such as grid interconnection and

team of employees who bring

Which brings us smoothly to the The Bokpoort CSP Project.

water abstraction and treatment

a wide range of skills to our

Expected to be commercially producing in 2015, the Bokpoort

system.

entrepreneurial

organization,”

Mr Padmanathan adds. Considerable

work

has

Loops

of

parabolic

CSP Project will be owned by ACWA Power Solafrica Bokpoort CSP

trough solar collector assemblies

Power Plant (Pty) Ltd, a limited liability company established under

make up the solar field, and

South African Law with the majority shareholder being ACWA Power.

collect the energy from the sun.


marsh.com

Capable

of

raising

the

temperature of the heat transfer

in May 2012. Construction

has

already

fluid up to 393°C, the solar

begun and currently has 120

collectors are the magic material

people working on the civil side.

in this mechanism. The power

This project will definitely be a

block comprises a solar steam

test to ACWA Power’s ambition

generator and a steam turbine

and ingenuity.

delivering 50 MW. Thermal

energy

However, when Bokpoort storage

CSP Project becomes operation

system consists of 2 tanks of

it will set a benchmark for the

molten salts and will provide

rest of the world and open the

approximately 9 hours of storage.

road for other countries also

The Bokpoort CSP Project is

seeking alternative means of

designed and will be constructed

energy generation to follow suit.

to comply with all applicable environmental laws, guidelines, regulations and standards as per World Bank, IFC and South African Environmental, Health

A NEW DAWN OF INNOVATION FOR CSP POWER, DAY AND NIGHT Marsh, a global leader in insurance broking and risk management, is the proud Sponsor Insurance Adviser to ACWA Power’s Bokpoort CSP project. Our renewable specialists lead from the front, de-risking projects by creating innovative, bankable risk transfer solutions. MARSUN CSP, for example, our seamless risk transfer package will provide comprehensive cover for this flagship project, from pre-construction and out through to completion of its first year of operation. For more information about Marsh’s Renewable Energy and Power Practice please contact your local Marsh representative. Marsh South Africa is an authorised Financial Services Provider (FSB/FSP Licence no: 8414). Co. Reg. no.1999/000348/07. Copyright © 2013 Marsh (Pty) Ltd All rights reserved GRAPHICS NO. 13-1161

and Safety regulations and it was awarded preferred bidder status

Partnering for impactSM Marsh is one of the Marsh & McLennan Companies, together with Guy Carpenter, Mercer, and Oliver Wyman.


ACWA POWER BOKPOORT POWER PROJECT 00966 11 2835555 WWW.ACWAPOWER.COM

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ACWA POWER