Executive Vice President of ACWA Power visited CEPRI

On October 30, Thomas Altmann, Executive Vice President for Innovation and New Technology at ACWA Power, and Lv Yunhe, Executive Vice President and General Manager of ACWA Power China, visited CEPRI to exchange views on the future development and cooperation of Dii. CEPRI’s Deputy General Manager (Executive Vice President) Li Peng attended the meeting.

Li Peng welcomed Thomas Altmann and his delegation to visit CEPRI. He said that CEPRI and ACWA Power are both shareholders of Dii, and shared the same value proposition for Dii. Since its investment in Dii in 2013, CEPRI has conscientiously fulfilled its shareholder responsibilities and attached great importance to the development, value exploration, and utilization of this international platform. In recent years, Dii went through many changes in its institutional governance, operational mode, and equity structure. It is necessary for shareholders to strengthen communication and cooperation,  and reach more consensus on Dii's governance and future positioning, so as to drive Dii to play a greater role.

Thomas Altmann expressed his gratitude to CEPRI for the warm reception and highly recognized Li Peng's views. In recent years, the industry partnership and knowledge sharing and exchange network platforms established by Dii have been rapidly expanding, with increasing popularity in the Middle East, Europe and other regions. In the future, shareholders still need to keep close contact and strengthen management of Dii’s operation to ensure that it provides more values and benefits to shareholders.

At the same time, the two sides also said that in the future, they would make full use of the good opportunity of jointly promoting the Belt and Road Initiative and the Saudi Arabia Vision 2030 to actively participate in global opening-upand cooperation, lead new technological changes, jointly promote green and low-carbon energy transition, and build a bright future for China-Arab and China-Saudi Arabia cooperation.

Background:

ACWA Power is a state-owned enterprise and a listed company controlled by the Saudi Arabia government. It is a world-leading professional developer, investor, and operator in the fields of electric power, renewable energy, and green hydrogen. Its portfolio reaches approximately USD70 billion, and its business involves 13 countries and regions. The cooperation between ACWA Power and Chinese enterprises has exceeded USD 30 billion, covering the fields of new energy, green hydrogen, and seawater desalination.