Leadership

Mr. Ahmad Almujalham is the Chairman of the Board of Directors. Prior to joining the Board in April 2021, he held multiple roles at the Kuwait Fund for Arab Economic Development for 23 years where he handled the project development of high dams, irrigation schemes, resettlements, and flood protection and has represented the Fund in many international donors and consultative group meetings. He returned to the Kuwait Fund in 2014 and presently serves as a Senior Engineering Advisor for the Appraisal of Roads and Social Projects. Mr. Almujalham has also previously held a role as Mega Project Manager at Almal Investment Company where he oversaw the development of the Hail Economic City in Saudi Arabia.

Mr. Almujalham holds a degree in Civil Engineering and an MBA from Kuwait University, Kuwait.

Mr. Balwinder Panesar is the Vice Chairman of the Board of Directors. Mr. Panesar is also the Chief Executive Officer of Summit MEA Power FZE, a wholly owned subsidiary of Sumitomo Corporation that develops, operates, and manages private power, cooling, and water plants in the Middle East, Africa, and CIS regions. Mr. Panesar's previous roles include the Executive Managing Director of Sharjah Hamriyah Independent Power Company in UAE and several other positions in the power generation sectors in the UK and Asia.

Mr. Panesar holds a degree in Chemical Engineering from University College London, UK, and an MBA from Henley Management College, UK. Mr. Panesar is also a fully qualified member of the Institute of Chartered Accountants in England and Wales.

Mr. Ghazi is Head of Investment Research at the Public Institution for Social Security since March 2018 and has 20 years of experience in the investment field, where he manages a team that is responsible for portfolio analysis on the total portfolio of the pension, and to conduct macro studies to evaluate the effect of the macro environment on the portfolio. Previously, Mr. Ghazi was a Partner of Investment Due Diligence at Albourne Partners Ltd for nine years. He was responsible for research and due diligence and manager selection in various private markets geographically and covering many strategies. Prior to Albourne, Mr. Ghazi worked at Global Investment House in Kuwait for seven years as an AVP covering mutual funds and private equity funds.

Mr. Al-Sanea holds a Bachelor’s degree in Banking and Finance from Hofstra University in New York. He is also a board member of Wafra International Investment Company.

Mr. Abdulaziz Alhedaib is the Country General Manager for ACWA Power in Kuwait. He has extensive experience in public-private partnerships (PPP), infrastructure development, and strategic investments, having played a key role in the establishment of the Kuwait Authority for Partnership Projects (KAPP) and the development of major projects including Az-Zour North IWPP and Al Khairan IWPP. Mr. Alhedaib has also been involved in the formation of major national projects such as the third telecom operator (STC) and the privatization of Kuwait Airways. He previously served as an Investment Manager at the Kuwait Investment Authority (KIA) and continues to contribute to multiple boards representing KIA. Mr. Alhedaib also serves as a Business Development Advisor at Touristic Enterprises Company and is the founder of Sentinel Advisory, focusing on M&A and PPP investments.

He holds an MBA from Kuwait Maastricht Business School and a Bachelor’s degree in Management Information Systems and E-Commerce from the University of Toledo.

Mr. Paul Leslie Floyd is an Executive member of the Board of Directors. Joining the company in September 2023, he also serves as Chief Executive Officer. He brings with him over 30 years of experience in the power generation and water production industry and a background in commercial leadership, business management and project development/delivery, backed up by multifaceted experience in, construction, commissioning, operations and maintenance, and asset management. He currently holds several directorship positions within Operation and Maintenance Companies in the Middle East.

Mr. Floyd holds a master’s degree in engineering from RMIT University in Australia, and another master’s degree in business administration from Massey University in New Zealand.

Mr. Ayad Al Falah is an Independent Member of the Board of the Directors. Joining the Board in April 2021, he brings with him extensive experience in Power Generation & Water Desalination Projects. Mr. Al Falah is was a Member of the Joint Committee for the pre-feasibility study of Privatization of North Shuaiba Power Plant (NSPP) in Kuwait and is a Technical Consultant for a private local contracting company working on public tenders for MEW, MPW, PAHW, and the Oil sector. His previous roles include MEW Assistant Undersecretary for Power Generation & Water Desalination Projects Sector where he oversaw the Gas Turbine Power Plant project.

Mr. Falah holds a degree in Mechanical Engineering from the University of Miami, USA, and an MBA from Kuwait University, Kuwait.

Mrs. Al Humdain joined the Board in May 2024, with a 28-year tenure in the downstream & oil products marketing sectors of Kuwait's oil sector. With a rich history of holding numerous operational and managerial roles globally, she currently excels as Corporate Planning Group Manager at Kuwait Petroleum International. Her expertise is further recognized through her board memberships with several esteemed companies in Europe & Asia, showcasing her wide-ranging influence and strategic acumen in the global energy industry.

Mrs. Al Homaidan holds a Bachelors Degree in Chemical Engineering and a Masters in Business Administration from Kuwait University.

Mr. John Clark is the Vice President and Chief Operating Officer at ACWA Power, with over 30 years of international experience in the energy sector spanning power generation, water desalination, and large-scale infrastructure projects. He has held senior executive roles across Europe, the Middle East, and emerging markets, including leadership positions at Enel and Entergy, where he was responsible for managing complex energy portfolios, delivering major power projects, and driving operational performance and value creation. Mr. Clark has extensive experience in corporate governance, having served as Chairman and Board Member of multiple operating and project companies.

He holds a degree in Mechanical and Electrical Engineering from the University of Northumbria and has completed executive programs in energy leadership and risk management.

Mr. Taizo Matsuda is the General Manager of the Power Infrastructure Asset Management Department at Sumitomo Corporation Middle East FZE. He brings over 25 years of experience in the social infrastructure and power industries, including 17 years dedicated to power plant projects across Asia, the Middle East, and Africa.
He has led major EPC projects financed by JBIC in Vietnam and Indonesia and held key management roles in both coal-fired and offshore wind IPP/IWPP projects. His past roles include serving as President of GN Power in Indonesia and managing the Central Java and Duyen Hai 3 Extension projects. Mr. Matsuda currently oversees a portfolio of eight IPP/IWPP assets in the Middle East and Africa.

He holds a Bachelor’s Degree in Electrical Engineering from Osaka University and completed language training at Beijing Language and Culture University

Ms. Farah Abdulrahman AlHumaidan serves as the Board Secretary for the Board of Directors. She also holds the position of Compliance Officer. In this role, Ms. Farah ensures that the Company adheres to legal standards, regulatory requirements, and internal policies to mitigate risks and maintain ethical practices.
Ms. Farah holds a Bachelor of Business Administration in International Business from Gulf University for Science and Technology and an LLB from Kuwait International Law School. She is also a registered Arbitrator and Conciliator at the Kuwait Commercial Arbitration Centre.