ACWA Power has signed a Heads of Terms agreement with the government of the Republic of Uzbekistan for the development of a 1.5 GW onshore wind farm in Karakalpakstan, north-western Uzbekistan.
The project has the capacity to generate enough energy to power 1.65 million households and offset 2.4 million tonnes of carbon emissions per year. The US$2.4billion project is expected to achieve a financial close by the end of 2023 and be fully commissioned by the first quarter of 2026.
The corporation and the same ministries also signed an Investment Cooperation Agreement (ICA) under which all parties will work together to build projects in the fields of gas-to-power, wind, hydroelectric, and green hydrogen valued at US$10 billion over a five-year period beginning in 2023.
Uzbekistan announces winning bidder for a 1,200–1,600-megawatt combined cycle gas turbine power plant to be built in Uzbekistan's Syrdarya region. The winning consortium comprises EDF – Nebras Power – Sojizt Corporation.
Read moreThe Ministry of Energy of Uzbekistan has announced that three firms have submitted proposals for the 100 MW onshore wind project in Karakalpakstan.
Read moreThe Ministry of Energy has launched the Request for Qualification to select independent power producers for the development of three solar PV plants in Uzbekistan.
Read moreACWA Power signed an implementation agreement with the Ministry of Investments & Foreign Trade and the Ministry of Energy of Uzbekistan for the development, construction and operation of a 1500 MW wind power project in Karakalpakstan, Uzbekistan.
Read morePhanes Group, an international solar energy developer, headquartered in Dubai, signed a Power Purchase Agreement (PPA) and Investment Agreement (IA) for a 200 MWАС grid-connected solar PV plant in Nurata, Navoi Region.
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