President and CEO, ACWA Power
Mr. Padmanathan, a professional Civil Engineer with over 30 years of experience has served ACWA Power from 2005 as the company grew from a startup to where it is today; a leading private developer and operator of power and desalinated water production plants headquartered in Saudi Arabia with a paid up capital of US$ 1.4 Billion now operating in 8 countries with a portfolio of plants worth US$ 23 Billion with a capacity to deliver 15,700 MW of electricity and 2.4Mm³/day of desalinated water. While ACWA Power is focused on reliably delivering electricity and desalinated water at the lowest possible cost and is thus technology neutral and fuel agnostic, the company is also very active in the area renewable energy; the most noteworthy efforts being the 160MW Concentrated Solar Power (CSP) plant at Morocco with 3 hours of storage where the company delivered an ultra-competitive tariff of 18.9 US Cents/kWh and for a 100MW PV plant in Saudi Arabia a tariff of 12 US Cents/kWh. A graduate of University of Manchester, UK, Mr. Padmanathan started his career as a consulting engineer delivering infrastructure projects and moved on to develop privately financed power, water and wastewater projects. A substantial period of his career before ACWA Power was with Black & Veatch where he served as a Vice President and Corporate officer. He also serves on the board of directors of several companies all operating in the water and power sectors.