Aljomaih Energy and Water Company

What Aljomaih Energy and Water Company does

Aljomaih Energy and Water Company (JENWA), founded in 2007, is a Saudi-based investor, developer, and operator of large-scale power and water infrastructure projects, wholly owned by Al Jomaih Holding Company. The company develops, finances, constructs, and operates Independent Power Producer (IPP), Independent Water Producer (IWP), Independent Water and Power Producer (IWPP), and Independent Water Treatment (IWTP) projects under long-term concession and PPA structures typically spanning 25 to 35 years, with a portfolio spanning approximately 13 GW of power generation capacity and 1.3 million m³/day of water capacity across Saudi Arabia, the UAE, Oman, Egypt, Pakistan, and Bangladesh.

The company's core offerings are organized around three product lines: conventional power generation using Combined Cycle Gas Turbine (CCGT) and cogeneration technology (including the carbon-capture-ready Taiba-2 and Qassim-2 plants with Siemens HL-class turbines); utility-scale solar PV (South Rabigh at 300 MW operational, Rabigh 2 at 300 MW under development, with over 750 MW operational and 300 MW under construction across the solar portfolio); and water desalination and treatment (Zuluf for Aramco, Ghubrah III for OPWP, Shuqaiq II IWPP, plus the newly financed Jubail-Buraydah water transmission pipeline). Notable technical differentiators include first-mover deployment of carbon-capture-ready CCGT in Saudi Arabia, AI and digital-twin integration at the Al Nouf 1 IPP project, and integration of HL-class gas turbines with carbon capture provision.

Commercially, Aljomaih operates as a project developer and consortium leader, securing assets through competitive tenders with government off-takers (SPPC, SWPC, EWEC, OPWP) and Saudi Aramco, typically partnering with international developers such as EDF, TAQA, Sembcorp, TotalEnergies, Almar Water, Nesma, and local partners including Ajlan & Bros and Buhur. Revenue is structured as long-duration recurring offtake payments under PPAs and concession agreements, with individual project capex ranging from USD 425 million to USD 3.9 billion and project financing arranged through regional and international bank syndicates. The company is private, with no public listing or disclosed revenue.

Name

Aljomaih Energy and Water Company

Legal name

AlJomaih Energy and Water Company

Website

https://jenwa.com

Company type

Private

Founded year

2007

Operating status

Operating

Headcount range

101–250 employees

Short description

Aljomaih Energy and Water Company (JENWA) is a Saudi private developer and operator of large-scale power and water infrastructure, owning approximately 13 GW of generation capacity and 1.3 million m³/day of water capacity across six countries, with revenue anchored to long-term PPAs with sovereign off-takers.

Ownership category

akta.pro rank

Product category

Power and Water Infrastructure (IPP/IWP/IWPP Developer and Operator)

NAICS

Electric Power Generation (22111), Solar Electric Power Generation (221114), Water Supply and Irrigation Systems (22131), Steam and Air-Conditioning Supply (221330)

SIC

Electric, Gas & Sanitary Services (4900), Cogeneration Services & Small Power Producers (4991), Water Supply (4941), Water, Sewer, Pipeline, Comm & Power Line Construction (1623)

akta.pro primary industry

Development Management & Owner’s Engineering (Design Basis, Yield, Technical Due Diligence) (EUAMAAAG)

akta.pro secondary industry

Renewable Energy Infrastructure (FSAAAKAG)

Keywords

• Power generation projects
• Water desalination services
• Solar photovoltaic development
• Infrastructure investment
• Independent power producer

Headquarters

HQ city

Al Madinah

HQ country

Saudi Arabia

HQ region

Middle East

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Operations, Personnel, Supply Chain, Technology or R&D, Marketing or Sales

Revenue model

1. Power Generation Projects (IPP/CCGT): Developing and operating Independent Power Producer (IPP) projects using Combined Cycle Gas Turbine (CCGT) technology, with long-term Power Purchase Agreements (PPAs) typically spanning 25 years with government off-takers.
2. Water Desalination and Treatment (IWP/IWTP): Developing and operating Independent Water Projects (IWP) and Industrial Water Treatment Projects (IWTP), with capacity of 1.3 Million m³/day, under long-term concession agreements.
3. Solar Renewable Energy: Developing and operating solar photovoltaic projects including the 300 MW South Rabigh project, with over 750 MW of operational solar projects and 300 MW under construction.
4. Water Treatment Services for Aramco: Providing water injection services to Aramco's oil facilities through the Zuluf water treatment project under a 25-year BOOT concession.

Go-to-market motion2 records

Distribution channels2 records

Marketing channels3 records

Core offering

Aljomaih Energy and Water Company develops, invests in, finances, owns, and operates large-scale power generation and water infrastructure projects under long-term concessions. Its core offerings encompass Combined Cycle Gas Turbine (CCGT) power generation, utility-scale solar photovoltaic projects, and desalination and industrial water treatment facilities, serving government utilities and major industrial off-takers across Saudi Arabia, UAE, Oman, Egypt, Pakistan, and Bangladesh. The company acts as lead developer and consortium sponsor, integrating advanced turbine technology, carbon capture readiness, and AI/digital twin optimization across its asset portfolio.

Product overview

Aljomaih Energy and Water Company (JENWA) is a Saudi investor, developer, and operator of large-scale utilities and infrastructure projects. The company operates across three core product areas: (1) Conventional Power Generation utilizing Combined Cycle Gas Turbine (CCGT) and cogeneration technology with approximately 13 GW capacity including projects like Taiba-2, Qassim-2, Shuqaiq II IWPP, and various PCPC plants; (2) Renewable Energy through solar photovoltaic projects with over 1 GW operational including South Rabigh; and (3) Water Infrastructure comprising desalination and water treatment facilities with 1.3 Million m³/day capacity including Zuluf IWP and Ghubrah III IWP. The company functions as a project developer and operator rather than a product/software company, delivering infrastructure solutions across the full development value chain from project inception through execution and operation. Key projects span Saudi Arabia, Oman, Egypt, Pakistan, and Bangladesh, with major partnerships including EDF, Siemens, and Sembcorp Industries.

Differentiator

Problem solved

Functional benefit

Products and services

• Conventional Power Generation (CCGT / Cogeneration) Conventional power generation assets utilizing Combined Cycle Gas Turbine (CCGT) and cogeneration technology delivered to government off-takers (Saudi Electricity Company, SPPC, EWEC) and industrial buyers (Saudi Aramco) under long-term PPAs. Operational portfolio spans Dhuruma Electricity Company (Riyadh PP11), Shuqaiq II IWPP, Hawiyah PCPC, and development projects including Taiba-2 IPP (1,980 MW) and Qassim-2 IPP.
• Solar Photovoltaic (PV) Energy Utility-scale solar photovoltaic power generation projects developed under Power Purchase Agreements with the Saudi Power Procurement Company (SPPC). Includes operational South Rabigh Solar PV (300 MW), additional operational solar capacity exceeding 750 MW, and 300 MW under construction (Rabigh 2 Solar IPP, developed with TotalEnergies Renewables at a tariff of USD 1.78/kWh).
• Water Desalination and Treatment Independent Water Projects (IWP), Independent Water and Power Projects (IWPP), and Independent Water Treatment Projects (IWTP) with portfolio capacity of approximately 1.3 million m³/day. Includes Ghubrah III IWP in Oman (300,000 m³/day with OPWP), Zuluf IWP for Saudi Aramco, and Shuqaiq II IWPP. Also covers the Jubail-Buraydah Independent Water Transmission Pipeline project transmitting 650,000 m³/day over 587 km under a 35-year BOOT concession (SAR 8.5 billion / USD 2.26 billion).
• Project Development and Investment Services Full value chain infrastructure development services spanning project inception, structuring, consortium leadership, financing arrangement (equity bridge loans and senior debt), construction management via EPC contractors, and long-term operations of CCGT, solar, and water assets. Provided to government off-takers and major industrial clients in partnership with international developers and lenders.

Quantifiable outcome

• Contributes to displacing liquid fuels from power plants and reducing CO2 emissions by up to 278 million tons annually by 2030 in Saudi Arabia
• +3 more outcomes

Named customers5 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

17 partnerships are on record, tiered core and minor.

• Sembcorp IndustriescoreStrategic or Co-development Partner · 3 June 2026Consortium partner in Taweelah C 2.6 GW IPP project in Abu Dhabi alongside TAQA. Sembcorp, a Singapore-based global energy and water company, brings international best practices and technical expertise to the partnership.
• Abu Dhabi National Energy Company (TAQA)coreStrategic or Co-development Partner · 3 June 2026Lead partner (60% stake) in Taweelah C IPP project with EWEC. TAQA is Abu Dhabi's national utilities champion.
• Nesma GroupcoreStrategic or Co-development Partner · 31 October 2025Partner in consortium for Jubail-Buraydah Independent Water Transmission Pipeline project (SAR 8.5 billion). Project will transmit 650,000 m³/day of desalinated water over 587 km.
• TotalEnergies RenewablescoreStrategic or Co-development Partner · 3 December 2024Partnership to develop Rabigh 2 Solar IPP project (300 MW) in Riyadh, Saudi Arabia. Features one of the region's lowest solar tariffs at USD 1.78/kWh.
• EDF (Electricité de France)coreStrategic or Co-development Partner · 12 July 2024Strategic partnership in consortium with Ajlan & Bros and Buhur for development of Taiba-2 and Qassim-2 CCGT projects (3.96 GW total). EDF serves as international development partner bringing expertise in nuclear and clean energy solutions. The consortium achieved financial close for these landmark decarbonized power projects in Saudi Arabia.
• Ajlan & Bros GroupcoreStrategic or Co-development Partner · 12 July 2024Consortium partner for Taiba-2 and Qassim-2 projects (3.96 GW). Local Saudi partner bringing market knowledge and alignment with Vision 2030 objectives.
• Buhur for Investment CompanycoreStrategic or Co-development Partner · 12 July 2024Consortium partner for Taiba-2 and Qassim-2 projects. Saudi investment company participating in mega infrastructure projects aligned with Saudi Vision 2030.
• Almar Water SolutionscoreStrategic or Co-development Partner · 12 May 2023Consortium partner with Aljomaih for the Zuluf water treatment facility project. Almar brings specialized expertise in water desalination and treatment solutions.
• Siemens EnergycoreTechnology or IntegrationTechnology partner providing advanced gas turbines (H-class and HL-class) for CCGT projects including Taiba-2, Qassim-2, and Taweelah C. Enables high technical efficiency and carbon capture readiness.
• Buhur Investment CompanycoreStrategic or Co-development PartnerPart of consortium with Nesma Group for Jubail-Buraydah water transmission project. Saudi investment company.
• VeoliaminorStrategic or Co-development PartnerListed as trusted business partner. Veolia specializes in optimized resource management and environmental services.
• Saudi AramcocoreStrategic or Co-development PartnerMajor partner and off-taker for water treatment projects including Zuluf. Also off-taker for Hawiyah and Abqaiq PCPC projects.
• Korea Electric Power Corporation (KEPCO)minorStrategic or Co-development PartnerListed as trusted business partner. Korean national electricity utility with international project development capabilities.
• ENGIEminorStrategic or Co-development PartnerListed as trusted business partner. Global energy company specializing in low-carbon energy solutions.
• China Energy Engineering Group CorporationcoreImplementation/ SI/ Consulting PartnerEPC contractor for Taweelah C project. Provides engineering, procurement, and construction services for the 2.6 GW combined cycle gas turbine facility.
• ACCIONAminorStrategic or Co-development PartnerListed as trusted business partner. Spanish multinational specialized in infrastructure and renewable energy.
• Marubeni CorporationminorStrategic or Co-development PartnerListed as trusted business partner. Japanese trading company with energy and infrastructure expertise.

Scale indicators10 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• ACWA Power: Saudi-listed IPP/IWPP developer and operator with the largest portfolio of utility-scale power and desalination projects in MENA, headquartered in Riyadh. Direct competitor for the same SPPC, SWPC, and EWEC tenders, with overlapping CCGT, solar, and water project mix.
• Masdar: Abu Dhabi-based renewable energy and hydrogen developer that competes in the same GCC utility-scale solar and CCGT tenders (e.g., EWEC) where Aljomaih also bids, with growing overlap in green hydrogen and battery storage adjacencies.
• Sembcorp Industries: Singapore-listed global energy and urban development company; consortium partner with Aljomaih in the Taweelah C IPP and a peer in MENA/Asia utility-scale power and water projects with comparable business model of developing and operating long-PPA assets.
• TAQA: Abu Dhabi National Energy Company — lead partner (60%) on Taweelah C with Aljomaih. As the UAE's national utilities champion, TAQA directly competes for and co-develops the same IPP/IWPP tenders across the GCC.
• Nebras Power: Qatar-based international power and water developer with portfolio spanning MENA and Southeast Asia. Competes head-to-head with Aljomaih for Saudi and regional IPP/IWP tenders and operates a similar develop-finance-operate model.

Broad incumbents

• ENGIE: Global low-carbon energy major and listed trusted business partner of Aljomaih. Competes in the same MENA IPP/CCGT tenders through its international power business and shares a focus on decarbonized power and water infrastructure.
• EDF: French state-owned utility, consortium partner with Aljomaih on the 3.96 GW Taiba-2/Qassim-2 projects. As a global IPP developer with MENA presence, EDF directly competes in regional CCGT and renewable tenders while also collaborating in consortiums.
• TotalEnergies: Global integrated energy major, consortium partner with Aljomaih on Rabigh 2 Solar IPP. Competes in the same Saudi and regional solar IPP tenders and shares exposure to MENA renewables and gas-fired generation.
• Marubeni Corporation: Japanese trading and investment conglomerate, listed as a trusted business partner and active in MENA IPP/IWPP projects. Competes with Aljomaih in regional power and water tenders and shares the Japanese consortium-leadership model for emerging-market IPPs.
• KEPCO: Korean state-owned national utility and active international IPP developer. Listed as a trusted partner and competes in GCC and South Asia power tenders with similar long-PPA, EPC-partnered business model.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks7 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/jenwa

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries14 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Aljomaih Energy and Water Company