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 companyâ€™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.
rom its head office in
by publication Euromoney in 2010 and 2012, and for three years in
a row as one of the 100 fastest growing companies in Saudi Arabia.
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.
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
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
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
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
“We have achieved our objectives of building a team and
located in the Northern Cape
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
water and power,” he concludes.
MW with 9 hours of thermal
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
Mr Padmanathan adds. Considerable
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.
temperature of the heat transfer
in May 2012. Construction
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
delivering 50 MW. Thermal
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