ACWA Power kicks off operations at $874m Abu Dhabi desalination plant

RIYADH: ACWA Power Co., which is part-owned by the Public Investment Fund, has announced the start of operations for the first phase of water desalination at Abu Dhabi’s Taweelah plant. 

Known as Al Taweelah IWP, the $874-million water desalination plant has the capacity to generate 454,600 cubic meters per day of desalinated water, ACWA Power said in a bourse filing.

The Saudi-listed utility provider, which owns 40 percent of the project, expects the deal to impact its financial statements starting from the ongoing quarter.