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Al Ghazala Energy Company Limited
Al Ghazala Energy Company Limited is a Saudi Arabia-based project company (SPV) that owns and operates the Shuqaiq 2 Independent Water and Power Project (IWPP). This facility provides 850 MW of thermal power and 225,000 cubic meters per day of desalinated water to the western region of Saudi Arabia.
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Independent Power Producer (IPP)OperatorDeveloper
Strategic Overview
- Al Ghazala Energy Company Limited is a Special Purpose Vehicle (SPV) created for the Shuqaiq 2 IWPP, jointly owned by ACWA Power, Gulf Investment Corporation (GIC), and the Public Investment Fund (PIF).
- The company's primary focus is the long-term operation and maintenance of the Shuqaiq 2 IWPP under a 20-year Power and Water Purchase Agreement (PWPA) with the Water and Electricity Company (WEC).
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Technologies
Solar1
Geography
Saudi Arabia1
Track Record
850
MW Total
1
Deals Completed
17
Years Active
$M2,500M
Total Value
Notable projects: Shuqaiq 2 Independent Water and Power Project (IWPP)
Detailed Analysis
Technologies
Sectors
Geographies
Deal Stage
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