| Element List | Explanation |
|---|---|
| Introduction | ACWA Power Company announces Signing the Public-Private Partnership Agreement relating to the Design, Construction, Financing, Ownership, Operation and Maintenance of the Caspian Sea Water Desalination Plant between The Government of the Republic of Azerbaijan represented by Azerbaijan State Water Resources Agency as ADSEA and the public partner and “Caspian Sea Azerbaijan Project Company” LLC as the Project Company The Public Private Partnership Agreement along with a series of agreements were signed to deliver Azerbaijan’s first large-scale Caspian Sea Water Reverse Osmosis (SWRO) Desalination Plant. ACWA Power Shareholding is 100% |
| Date of Announcement of the Award | 2025-12-26 Corresponding to 1447-07-06 |
| Contract Subject Matter | Public Private Partnership Agreement PPPA (as amended) |
| The Entity with Which the Contract was Signed | The Government of the Republic of Azerbaijan represented by Azerbaijan State Water Resources Agency as ADSEA |
| Date of Signing the Contract | 2025-12-26 Corresponding to 1447-07-06 |
| Contract Value | c. USD 400mn (SAR 1.5 billion) |
| Contract Details | Design, construction, financing, ownership, operation, and maintenance of the desalination plant |
| Contract Duration | 27.5 years including the construction period |
| Financial Impact and the Relevant Period | The financial impact of the contracted revenues is expected to be reflected after the Early Commercial Operation Date (ECOD)which will be announced at the time of Financial Close. |
| Related Parties | N/A |
