ACWA Power signs power purchase agreement National Electric Grid of Uzbekistan for 3 wind power SPVs

ACWA Power Co. announced on Sunday signing a power purchase agreement with the National Electric Grid of Uzbekistan for three wind power SPVs to develop the 1.5 GW Kungrad wind farm.
The Kungrad Windfarm, formerly referred to as the Karakalpakstan Wind IPP, will be the largest single-site wind farm in Central Asia and one of the largest in the world, and is expected to offset 2.4 million tons of carbon emissions per year and power 1.65 million households when completed.
It is expected to reduce 2.4 million tons of carbon emissions annually and provide energy to 1.65 million households.
It said in a statement that the financial impact of the contracted revenues is expected once the Project achieves Project Commercial Operating Date (PCOD) on Q3 2027.
Project is split into 3 project companies at the site each developing 500 MW wind power plant with each of the project companies entering into a separate PPA.