Saudi Arabia-based developer ACWA Power has signed three strategic agreements, worth up to $2.5 billion, with Uzbekistan’s Ministry of Energy to enhance the country’s installed generating capacity. The main deal is a 25-year power purchase agreement (PPA) and investment agreement, valued at $1.2 billion, which includes the development of 1,500 MW combined cycle gas-turbine (CCGT) power plant.
Situated in Shirin City, the Syrdarya region, the CCGT is being developed as a build-own-operate-transfer (BOOT) project, with ACWA Power assigned to lead in constructing, engineering, operating, and maintenance works.
Initially, Uzbekistan wanted the power plant to be developed in two stages so it could eventually be expanded to 2.600 MW. If it reaches that capacity, the mega plant would significantly enhance Uzbekistan’s installed power generation capacity of currently just over 12,400 MW.
In addition, ACWA Power signed an implementation deal worth between $550 million and $1.1 billion to deploy renewable energy sources and help bring Uzbekistan’s installed wind power capacity to nearly 1,000 MW. Under a third deal, Air Products & Chemicals and ACWA Power agreed a equip Uzbek students with the tools and knowledge to gradually support a local supply chain for the country’s utilities and chemicals sectors.
Muskat-listed ONEIC, meanwhile, was awarded a $7.4 million construction contact to build three 20 megawatt-ampere (MVA) substations for industries in the Wilayat of Duqm within the Al Wusta governorate.
