ACWA Power Will Be in 16 Countries by End of Year: CEO

The transcript discusses the company's expansion into new countries, focusing on projects in Ethiopia, Indonesia, and Bangladesh. It highlights trends in solar power pricing, noting significant cost reductions in Africa and the GCC. The impact of PIF's increased investment is explored, emphasizing enhanced credit capacity and strategic partnerships. Plans for an IPO are outlined, with reflections on the market influence of Aramco's IPO.

Which countries are being targeted for expansion by the company by the end of the year?

• Canada, USA, Mexico, Brazil

• Ethiopia, Uzbekistan, Kazakhstan, Bangladesh

• India, China, Japan, South Korea

• Brazil, Argentina, Chile, Peru

What type of renewable energy project is the company planning in Indonesia?

• Geothermal plants

• Hydroelectric power stations

• Wind farms

• Floating solar plans on dams

What is the current trend in the cost of solar power according to the discussion?

• Stable

• Fluctuating

• Increasing

• Decreasing

How much is the PIF planning to increase its stake in the company?

• 60%

• 50%

• 45%

• 30%

What benefits does the company expect from PIF's increased shareholding?

• Improved marketing strategies

• Enhanced credit capacity and access to PIF's network

• Expansion into new industries

• Reduction in operational costs

What is the company's stance on an IPO?

• They are undecided

• They are committed to it

• They are not considering it

• They have already completed it

How has the Aramco IPO affected the company's view on the market?

• It has drained liquidity

• It has created opportunities

• It has increased competition

• It has had no impact