Latest news with #MohammadAbunayyan
Borneo Post
08-08-2025
- Business
- Borneo Post
Saudi's ACWA Power reaffirms S'wak green hydrogen partnership, eyes NEOM-scale development
Abang Johari (sixth right), Mohammad Abunayyan on his left, join Abdul Aziz (sixth left) in a photocall with the delegation. – Photo from Sarawak Premier's Office KUCHING (Aug 8): ACWA Power founder and chairman Mohammad Abunayyan paid a courtesy visit to Sarawak Premier Datuk Patinggi Tan Sri Abang Johari Tun Openg today, reaffirming the company's strategic partnership with SEDC Energy Sdn Bhd (SEDCE) to develop large-scale green hydrogen projects in the state. According to a press release, the visit underscores ACWA Power's commitment to replicate the scale and ambition of its flagship NEOM Green Hydrogen Project in Saudi Arabia for Sarawak. Currently under development, NEOM is the world's largest green hydrogen project, targeting 4GW of renewable power to produce 600 tonnes of green hydrogen per day. The US$8.4 billion initiative aims to position Saudi Arabia as a global leader in the hydrogen economy ― a vision aligned with Sarawak's clean energy vision. The collaboration is also part of ACWA Power's US$10 billion investment commitment to Malaysia, announced during the Asean-GCC Summit in May this year, with Sarawak expected to benefit from infrastructure, technology transfer, and economic spillovers. In Sarawak, ACWA Power and SEDCE are jointly exploring the development of a green hydrogen facility powered by up to 4GW of captive renewable energy, delivering 2GW of electrolyser capacity for both export and domestic decarbonisation. The companies formalised the basis of this collaboration through an agreement signed last year. Both parties are also in discussions with Sarawak Energy Berhad (SEB) to explore floating solar projects in Batang Ai and Murum hydroelectric dams, and with the State Ministry of Utilities and Telecommunications and the State Ministry of Energy and Environmental Sustainability to ensure regulatory alignment. The cooperation supports Sarawak's Post Covid-19 Development Strategy (PCDS) 2030, the National Energy Transition Roadmap (NETR), and the Sarawak Hydrogen Economy Roadmap (HETR), while strengthening clean energy ties between Malaysia and Saudi Arabia. Also present at the meeting were Sarawak Economic Development Corporation (SEDC) chairman Tan Sri Datuk Amar Abdul Aziz Husain, general manager Datu Abdul Hadi, chief investment officer Haji Zainnurain Othman, SEDCE CEO Dennis Harun Wong, ACWA Power senior advisor to the chairman Tan Sri Azman Mokhtar, country director Mathew Chandapillai, executive vice-president of business development (Middle East/Global Water) Udyan Seth, director of business development and projects Azhari Sulaiman, and Advisor to Chairman ACWA Power Co Dato JIV Sammanathan. Abang Johari ACWA Power green hydrogen projects SEDCE
Filipino Times
01-08-2025
- Business
- Filipino Times
PH, Saudi firms join forces to boost solar energy development
President Ferdinand Marcos Jr. welcomed Saudi energy leader ACWA Power Chairman Mohammad Abunayyan and Meralco Powergen Corporation (MGen) Chairman Manuel V. Pangilinan during a courtesy call in Malacañan Palace on July 31, 2025. The meeting comes after the signing of a partnership between ACWA Power of Saudi Arabia and MGen to explore and develop renewable energy projects—especially solar power—in the Philippines and Southeast Asia. ACWA Power, a global pioneer in green hydrogen and the world's largest private water desalination company, is contributing its international expertise and a 78.8-gigawatt portfolio. MGen, the power generation arm of Meralco, brings its local experience with 4.95 gigawatts of diversified energy assets. The collaboration reflects a shared commitment to accelerating clean energy development and supporting regional energy transition and sustainability goals.
Argaam
24-06-2025
- Business
- Argaam
ACWA Power Chairman: NEOM Green Hydrogen project 85% complete
Mohammad Abunayyan, Chairman of ACWA Power, said that the completion rate of the NEOM Green Hydrogen project reached 85%. The facilities will be tested and commissioned next year. Export will also start to Germany and Europe — a significant step to reduce carbon emissions, Abunayyan added in a panel discussion during the World Economic Forum. The utility currently has 22 gigawatts under development or construction, and signs contracts every year for an additional 20 gigawatts. He pointed out that renewable energy capacity in Saudi Arabia is expected to reach 130 gigawatts by 2030, making the Kingdom a key exporter of green energy to Europe and neighboring countries, whether in the form of electricity or green hydrogen.
Leaders
07-04-2025
- Business
- Leaders
ACWA Power Starts Commercial Operations at Two Uzbek Wind Plants
ACWA Power, a Saudi operator of power generations and desalinated water plants, has begun its commercial operations at two wind power plants in Uzbekistan, according to Arab News. The company commenced operations at the 500-megawatt Dzhankeldy Wind Power Plant on April 1. Meanwhile, the commercial operations started at the 500-MW Bash Wind Power Plant on April 6. Currently, the Saudi utility giant owns a 65% stake in both projects, as it sold a 35% share to China Southern Power Grid International in July. 'Today's groundbreaking highlights the multitude of large-scale foreign direct investments and commendable efforts by Uzbekistan to strengthen the potential of the country's energy system and capacity. It also paves the way for the commencement of ACWA Power projects that are expected to yield widespread benefits for Uzbekistan's key regions and communities,' Mohammad Abunayyan, Chairman of ACWA Power's Board of Directors and Head of the Saudi-Uzbek Business Council, said. Importantly, Uzbekistan seeks to generate 40% of its electricity from renewable sources by 2030. Moreover, it has set a bold goal to secure 20 gigawatts of clean energy capacity by 2030. The inauguration ceremony of the projects highlighted the virtual attendance of Saudi Arabia's Minister of Energy Prince Abdulaziz bin Salman who commended the deep ties between the Kingdom and Uzbekistan. The minister also noted that the Saudi-Uzbek economic collaboration aligns with Saudi Vision 2030 and Uzbekistan Strategy 2030. Looking ahead, ACWA Power revealed that they will include the financial impact of both wind power plants in its statements in Q2 2025. Related Topics: Saudi Arabia, Uzbekistan Sign Digital Partnership Agreement Saudi ACWA Power Signs $150m Deal for 3 Uzbek Wind Power Plants ACWA Power, Uzbekistan Sign $4.85B Agreement for Wind Farm Short link : Post Views: 5
Arab News
06-04-2025
- Business
- Arab News
ACWA Power begins commercial operations at 2 major wind projects in Uzbekistan
RIYADH: Saudi utility giant ACWA Power has commenced commercial operations at two major wind power plants in Uzbekistan. ACWA Power holds a 65 percent stake in both projects, having sold a 35 percent share to China Southern Power Grid International in July. According to the company's statement on Tadawul, both the 500-megawatt Dzhankeldy Wind Power Plant, which began commercial operations on April 1, and the 500-MW Bash Wind Power Plant, which started operations on April 6, are now fully operational. Uzbekistan aims to generate 40 percent of its electricity from renewable sources by 2030, a critical milestone in its plan to achieve 20 gigawatts of clean energy capacity by the decade's end. The nation is prioritizing the expansion of solar, wind, and hydroelectric energy, leveraging its natural resources to decrease reliance on fossil fuels, cut carbon emissions, and enhance energy security. In December, Mohammad Abunayyan, chairman of ACWA Power's board of directors and head of the Saudi-Uzbek Business Council, highlighted the progress in his firm's partnership with the Uzbek government. He emphasized ACWA Power's role as a major strategic investor in the nation's rapidly growing clean energy sector. Abunayyan said: 'Today's groundbreaking highlights the multitude of large-scale foreign direct investments and commendable efforts by Uzbekistan to strengthen the potential of the country's energy system and capacity. It also paves the way for the commencement of ACWA Power projects that are expected to yield widespread benefits for Uzbekistan's key regions and communities.' During the December inauguration of the projects, Saudi Energy Minister Prince Abdulaziz bin Salman joined virtually and praised the strong relationship between the Kingdom and Uzbekistan. He highlighted the collaborative efforts across various sectors, particularly energy, which have delivered mutual benefits to both nations, according to a statement from the company. The Saudi minister also praised the economic cooperation between the two countries, particularly in the context of Saudi Vision 2030 and Uzbekistan Strategy 2030. He stressed their shared goals of economic development, diversification, renewable energy, and sustainable growth, as well as Saudi Arabia's growing investment in Uzbekistan's electricity sector amid the country's energy transition. Uzbekistan is a key foreign market for ACWA Power, which has been significantly involved in the country's renewable energy sector in recent years. The company stated that the financial impact of both projects will be included in its statements starting in the second quarter of 2025.
