Saturday, 13 April 2024

ACWA Power signs deals to develop, build and operate 3 ‎photovoltaic solar power plants in Uzbekistan at a value of $2.5 ‎bln


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ACWA Power announced the signing of US$2.5 billion Power Purchase Agreements with the National Electric Grid of Uzbekistan to develop, build, operate and own three solar photovoltaic (PV) electricity generation facilities with a total capacity of 1,400 MW and three battery energy storage systems with a total capacity It amounts to 1500 megawatt hours.

According to the statement published on “Tadawul”, the capacity of one of the stations is 400 megawatts, in addition to two stations with a capacity of 500 megawatts each, and energy storage systems through batteries located in the regions of Tashkent, Samarkand and Bukhara in Uzbekistan, respectively, and for a period of up to 25 years.

The company expects to begin the financial impact after the start of commercial operation by the third quarter of 2025 and the third quarter of 2026, and also estimates that 1.6 million tons of carbon emissions will be reduced annually and 1.1 million households will be supplied with energy when the project is completed.