Riyadh – Mubasher: Cooperation between Uzbekistan’s Ministry of Energy, the Ministry of Investments and Foreign Trade, and ACWA Power has contributed to three major milestones in the development of power projects following agreements penned last March.

The projects aim to enable Uzbekistan’s ambitious energy transformation plan and increase energy capacity by 2500MW, according to a press release on Monday.

A ceremony of the 1500MW Sirdarya CCGT plant, followed by the signing of two Power Purchase Agreements (PPA) and Investment Agreements for two wind power plants in Bukhara and Navoi, was conducted in the presence of senior government officials and representatives from Uzbekistan, Saudi Arabia, and ACWA Power.

Leveraging its technical knowledge and expertise, ACWA Power will be delivering these three projects to contribute directly to meeting Uzbekistan’s growing yearly electricity demand, which is projected to reach 110 billion kWh by 2030.

With an approximate aggregate worth of $1.2 billion, the Sirdarya CCGT project will provide cleaner, more efficient, and cost-competitive gas power that can be utilised across industries in Uzbekistan and is expected to meet 15% of power demand in Uzbekistan.

The ‘Bash’ and ‘Dzhankeldy’ plants situated in the Bukhara and the Bukhara/Navoi regions, respectively, have a total investment value of $1.3 billion and are likely to offset 1.6 million tonnes of carbon emissions per year.