Uzbekistan’s Energy Ministry announced on 5 March the signing of three new strategic agreements, worth over $2 billion, with the Saudi Arabian utility developer ACWA Power to amplify power generation and develop technical expertise. According to Uzbekistan’s Energy Ministry the agreements include a 25 year Power Purchase Agreement (PPA) – with a total investment value of $1.2 billion – for the development/construction/operation of a 1500 MW Combined Cycle Gas-Turbine (CCGT) power plant,

an Implementation Agreement worth $550 million-$1.1 billion for the building of a wind power plant with a capacity of 500-1000 MW of clean energy and a Memorandum of Understanding (MOU) for the development of a training centre to enhance technical skills of Uzbek students.

“These newly agreed power projects represents a historic milestone for Uzbekistan and supports our mission to strengthen energy security through self-sufficient power sources. ACWA Power’s focus on smart, energy efficient technologies will provide more than 2000 MW of added power and enable us to achieve Uzbekistan’s Energy Minister Alisher Sultanov said.

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