World Finance speaks to Paddy Padmanathan, Thamer Al Sharhan and Rajit Nanda from ACWA Power, on the privatisation of electricity and water in Saudi Arabia.
It was not so long ago that governments owned and operated most infrastructure assets and delivered utility services such as electricity, water, telecoms, and sewerage management. But it is becoming more and more common for the private sector to take on this responsibility. ACWA Power is a company that has rapidly emerged from Saudi Arabia as a leading operator of electricity generation and desalinated water production. Paddy Padmanathan, Thamer Al Sharhan, and Rajit Nanda from ACWA Power discuss their successful business model.
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