ACWA Power signs implementation agreement for 1.5 GW wind farm in Uzbekistan
ACWA Power, a leading Saudi developer, investor and operator of power generation and desalinated water plants 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.
Once operational, the project will become the largest wind farm in the Central Asian region, and one of the largest in the world.
The implementation, development, construction, and operation of the largest wind farm in the Central Asian region by a Saudi company reflects the Kingdom’s leadership in the field of energy and its capability to develop the human and technical potential for Saudi companies, especially in the renewables sphere.
The project seeks to bolster the Uzbekistan government’s efforts to diversify the country’s energy mix and increase its renewable energy capacity in line with recent strategic reforms.
The project is expected to cater to the power needs of approximately 4 million households and offset approximately 2.5 million tons of carbon dioxide per year, contributing directly to the government’s aims to generate 30 percent of Uzbekistan’s power capacity from renewable sources by 2030, to meet growing yearly electricity demand, efficiently and sustainably.
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April 16, 2021
Phanes Group signs PPA & Investment Agreement for 200 MW Solar project in Uzbekistan
Phanes 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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April 15, 2021
Financial close of USD750 million achieved for 1.5 GW Gas power plant in Uzbekistan
ACWA Power has announced the successful financial closure for the development, construction and operation of the 1500 MW Sirdarya Combined Cycle Gas-Turbine (CCGT) power plant in Uzbekistan.
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June 10, 2020
PPA signed for landmark 500 MW wind project in Uzbekistan
This week Masdar has signed an agreement with the Ministry of Investments and Foreign Trade of the Republic of Uzbekistan and JSC National Electric Grid of Uzbekistan to design, finance, build and operate a 500-megawatt utility-scale wind farm project. The total project cost is 825 million in US dollars and the project will be directly fully funded by the investor.
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May 28, 2018
IFC to advise Uzbekistan on 100 MW solar project tender
IFC, a member of the World Bank Group, has signed a mandate with the government of Uzbekistan to advise the structuring of a tender for the construction and operation of a 100 MW solar plant.
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May 07, 2018
SkyPower to invest US$1.3 billion in 1 GW solar projects in Uzbekistan
SkyPower has announced that it intends to invest approximately US$1.3 billion to install 1,000 MW of solar energy generation capacity throughout Uzbekistan. The country’s President Shavkat Mirziyyoyev has signed a decree signifying the government’s full support of the project and sovereign guarantees.
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