- New developments on three major power projects with a combined investment value of $2.5 billion and capacity of 2500MW
- Official ground-breaking ceremony held for 1500MW CCGT power plant at the Sirdarya site
- Two Power Purchase Agreements (PPA) and Investment Agreements signed for two wind power plants in Bukhara and Navoi, with aggregate power generation capacity of 1000MW
- The Uzbekistan Ministry of Energy, ACWA Power and Air Products have entered into a strategic framework agreement to enable research programs in the fields of renewable energy and hydrogen
- Senior Government Officials and Representatives from Uzbekistan, Saudi Arabia and ACWA Power attended Tashkent & Sirdarya ceremonies
Tashkent, Uzbekistan, 25 January 2020: Following agreements signed in March 2020, cooperation between the Uzbekistan Ministry of Energy, the Ministry of Investments and Foreign Trade, and ACWA Power has led to three major milestones in the development of power projects to enable Uzbekistan's ambitious energy transformation plan and increase energy capacity by 2500MW.
The ground-breaking ceremony of the 1500MW Sirdarya CCGT plant, followed by the signing of two Power Purchase Agreements and Investment Agreements for two wind power plants located in Bukhara and Navoi, was conducted in the presence of Deputy Prime Minister and Minister of Investments and Foreign Trade of the Republic of Uzbekistan, H.E. Sardor Umurzakov, and H.E. Alisher Sultanov, Energy Minister of the Republic of Uzbekistan, as well as a Saudi Arabian delegation led by H.E. Eng Khalid Al-Falih, Minister of Investment for Saudi Arabia and H.E. Hisham Mishal Al- Suwailem, the Saudi Ambassador to Uzbekistan. Other attendees included senior representatives from the Uzbekistan Ministry of Energy, Ministry of Investments and Foreign Trade, ACWA Power and Air Products.