In the presence of Saudi Energy Minister Abdulaziz bin Salman and Uzbekistan’s Deputy Prime Minister and Investments and Foreign Trade Minister Sardor Umurzakov, ACWA Power signed in Riyadh an implementation settlement with Uzbekistan for the event, development and operation of a 1500 MW wind energy venture in Karakalpakstan, the Saudi firm stated on May 4.
Once operational, the venture will grow to be the biggest wind farm within the Central Asian area, and one of many largest on this planet, ACWA Power stated.
The settlement was signed by ACWA Power Executive General Manager of Business Development Ayad AlAmri and Uzbekistan’s Deputy Energy Minister Sherzod Khodjaev and Deputy Investment and Foreign Trade Minister Shukhrat Vafaev.
ACWA Power Chairman Mohammad Abunayyan additionally attended the ceremony.
The implementation, growth, development, and operation of the biggest wind farm within the Central Asian area seeks to bolster the Uzbekistan authorities’s efforts to diversify the nation’s vitality combine and enhance its renewable vitality capability in keeping with latest strategic reforms. The announcement follows the signing of Power Purchase Agreements (PPA) and Investment Agreements for 2 wind energy tasks in Bukhara and Navoi, concluded earlier this yr with an combination energy era capability of 1000 MW. ACWA Power additionally has a 1500 MW excessive effectivity fuel fired energy venture underneath development in Sirdarya, Uzbekistan.
“We value our partnership with ACWA Power and welcome this expansion, which will be the largest facility of its kind in the Central Asian region once commissioned,” Umurzakov stated. “This project will contribute to the implementation of our national renewable energy target of bringing the total renewable power generation capacity to 25% by 2030,” he added.
Uzbekistan’s Energy Minister Alisher Sultanov stated Uzbekistan, as an vitality producer, is studying a lot from its Middle Eastern, particularly Saudi, companions because the Central Asian nation navigates the transition to a low-carbon financial system. “ACWA Power’s project will be a major contributor to our plan to generate 25% of our electricity from renewable energy sources by 2030,” he stated.
For his half, the ACWA Power Chairman hailed the finalization of the implementation settlement for the 1500 MW Karakalpakstan wind farm with Uzbekistan.
The venture is predicted to cater to the ability wants of approximately Four million households and offset approximately 2.5 million tons of carbon dioxide per yr, contributing on to the federal government’s goals to generate 30% of Uzbekistan’s energy capability from renewable sources by 2030, to fulfill rising yearly electrical energy demand, effectively and sustainably.