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Uzbekistan, Saudi ACWA Power to boost clear power capability

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Uzbekistan and Saudi Arabia plan three main energy initiatives that can increase the usage of clear and renewable power within the Central Asian nation, Uzbekistan’s Energy Ministry stated on January 25.
Following agreements signed in March 2020, cooperation between the Uzbekistan Ministry of Energy, the Ministry of Investments and Foreign Trade, and Saudi firm ACWA Power has led to a few main milestones within the improvement of energy initiatives to allow Uzbekistan’s bold power transformation plan and improve power capability by 2500MW, the Uzbek ministry stated in a press launch.
The ground-breaking ceremony of the 1500MW Sirdarya CCGT plant, adopted by the signing of two Power Purchase Agreements and Investment Agreements for 2 wind energy vegetation positioned in Bukhara and Navoi, was carried out within the presence of Uzbekistan’s Deputy Prime Minister and Minister of Investments and Foreign Trade Sardor Umurzakov, Energy Minister Alisher Sultanov, in addition to a Saudi Arabian delegation led by Saudi Investment Minister  Khalid Al-Falih and Saudi Ambassador to Uzbekistan Hisham Mishal Al- Suwailem. Other attendees included senior representatives from the Uzbekistan Ministry of Energy, Ministry of Investments and Foreign Trade, ACWA Power and Air Products.
The Saudi Investment Minister stated these initiatives mark the beginning of a brand new chapter within the funding relationship between Saudi Arabia and Uzbekistan. “As the Minister of Investment for Saudi Arabia, it is particularly pleasing to see a homegrown Saudi company such as ACWA Power supporting Uzbekistan to deliver such a vital component of its infrastructure investment program, which is central to the country’s economic transformation. The Ministry of Investment for Saudi Arabia is proud to have played a leading role in facilitating this momentous agreement,” Al-Falih stated.
For his half, Sultanov famous that enhancing Uzbekistan’s clear power capability includes many developmental and funding targets to be hit, over a time period. “By executing our plans efficiently, we will only attract more investment to Uzbekistan, and improve our nation’s energy status. The Ministry extends its deep thanks to ACWA Power and the wider Saudi delegation for making this triumph happen. We look forward to a long and fruitful working relationship,” he stated.
ACWA Power can be delivering these three initiatives utilising its technical data, experience, and expertise, to contribute on to assembly Uzbekistan’s rising yearly electrical energy demand, which is anticipated to reach 110 billion kWh by 2030. The firm’s contribution can also be aligned with Uzbekistan’s nationwide mandate to extend power effectivity, introduce energy-saving applied sciences, and develop and implement renewable power sources, below its current power sector reforms.
ACWA Power Chairman Mohammad Abunayyan stated his firm will assist Uzbekistan’s decarbonisation efforts and power transformation. “Through the addition of new renewable energy capacity, exploration of innovative technologies and the advancement of cleaner, more efficient and cost-competitive gas power, ACWA Power is expanding its presence in Uzbekistan, a high growth market, leveraging our global expertise and technical know-how to create long-term and sustainable value for the country’s local communities.”
ACWA Power can also be dedicated to coaching and upskilling 1000 native workers in Uzbekistan throughout the undertaking’s development and operation phases, producing long-term, socio-economic worth by data sharing and job creation.

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