AI | Artificial Intelligence |
BAC | Board Audit Committee |
BDTS | Business Development Technical Services |
BEC | Board Executive Committee |
BU | Business Unit |
BESS | Battery Energy Storage System |
BIM | Building Information Modelling |
BRC | Board Risk Management Committee |
CCGT | Combined Cycle Gas Turbine |
CEO | Chief Executive Officer |
CFO | Chief Financial Officer |
CGR | Corporate Governance Regulations |
CIO | Chief Information Officer |
CIS | Commonwealth of Independent States: Armenia, Azerbaijan, Belarus, Kazakhstan, Krygyzstan, Moldova, Russia, Tajikistan, Uzbekistan |
COD | Commercial Operation Date |
CoE | Centre of Excellence |
COMO | Chief Operations and Maintenance Officer |
CPMO | Chief Portfolio Management Officer |
CPCCO | Chief of People, Culture and Communications Officer |
CSP | Concentrating Solar Power |
CSR | Corporate Social Responsibility |
CTO | Chief Technical Officer |
EMO | Executive Management Officer |
EPC | Engineering, Procurement and Construction |
EGA | Extraordinary General Assembly |
EPC | Engineering, Procurement and Construction |
ERM | Environment Risk Management |
ESG | Environmental, Social and Governance |
ESIA | Environmental and Social Impact Assessment |
GCC | Gulf Cooperation Council: Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates |
GDP | Gross Domestic Product |
GHG | Greenhouse Gas |
GRI | Global Reporting Initiative |
GW | Gigawatt |
HFO | Heavy Fuel Oil |
HIWPT | Higher Institute for Water and Power Technologies |
ICOD | Initial Commercial Operation Date |
IFRS | International Financial Reporting Standards |
IoT | Internet of Things |
IPO | Initial Public Offering |
IPP | Independent Power Project |
IWP | Independent Water Project |
IWPP | Independent Water and Power Project |
IWSPP | Independent Water, Steam and Power Project |
KAUST | King Abdullah University of Science and Technology |
KPI | Key Performance Indicator |
KSA | Kingdom of Saudi Arabia |
LTI | Lost Time Incident |
LTIP | Long-Term Incentive Plan |
LTIR | Lost Time Incident Rate |
m3 | Cubic metre |
MBA | Master of Business Administration |
MBTU | Million British Thermal Unit |
MC | Management Committee |
MCIT | Ministry of Communications and Information Technology |
MD&A | Management Discussion and Analysis |
MENA | Middle East and North Africa |
MES | Maintenance Energy Services |
MIS | Management Information Systems |
MIT | Massachusetts Institute of Technology |
ML | Machine Learning |
MoE | Ministry of Energy |
MRA | Master Research Agreement |
Mt | Metric tonne |
MVP | Minimum Viable Product |
NCI | Non-Controlling Interests |
NGHC | NEOM Green Hydrogen Company |
NGHP | NEOM Green Hydrogen Project |
NOMAC | First National Operations & Maintenance Company |
NRC | Nomination and Remuneration Committee |
O&M | Operation and Maintenance |
O&M RD | Operations and Maintenance Regional Director |
OEM | Original Equipment Manufacturer |
OHSE | Occupational Health, Safety and Environment |
PCCO | People, Culture and Communications Officer |
PCOD | Project Commercial Operation Date |
PEO | Project Execution Office |
PIF | Public Investment Fund |
PMRD | Portfolio Management Regional Director |
POCF | Parent Operating Cashflow |
PV | Photovoltaic |
PVPP | Photovoltaic Power Purchase |
PWPA | Power and Water Purchase Agreement |
QA/QC | Quality Assurance/Quality Control |
REPDO | Renewable Energy Project Development Office |
RES | Renewable Energy Sources |
RMC | Risk Management Committee |
RO | Reverse Osmosis |
ROS | Reliability of Supply |
SASB | Sustainability Accounting Standards Board |
SAR | Saudi Arabian Riyal |
SBDP | Strategic Business Development Plan |
SDAIA | Saudi Data and Artificial Intelligence Authority |
SDG | Sustainable Development Goal |
SPC | Specific Power Consumption |
SPPC | Saudi Power Procurement Company |
SRF | Silk Road Fund |
SRR | Strategic Risk Review |
SWRO | Seawater Reverse Osmosis |
TCFD | Taskforce on Climate-related Financial Disclosures |
TIC | Total Investment Cost |
TRSP | The Red Sea Project |
UAE | United Arab Emirates: Abu Dhabi, Ajman, Dubai, Fujairah, Ras Al Khaimah, Sharjah, Umm Al Quwain |
UCLA | University of California, Los Angeles |
UX | User Experience |
WEF | World Economic Forum |
WETIC | Water and Environment Technologies Company |