Monday, November 28 2022 Sign In   |    Register
 

News Quick Search


 

News


Front Page
Power News
Today's News
Yesterday's News
Week of Nov 21
Week of Nov 14
Week of Nov 07
Week of Oct 31
Week of Oct 24
By Topic
By News Partner
Gas News
News Customization
Feedback

 

Pro Plus(+)


Add on products to your professional subscription.
  • Energy Archive News
  •  



    Home > News > Power News > News Article

    Share by Email E-mail Printer Friendly Print

    ACWA Power signs $108m PPA for Uzbek wind


    January 17, 2022 - Sophia Thomson

     

      ACWA Power Wind Karatau – an affiliate of ACWA Power and Nukus Wind – has signed a $108 million power purchase agreement (PPA) and a government support agreement (GSA) for the Nukus wind farm in north-western Uzbekistan.

      PIF-backed ACWA Power won the bid to construct Uzbekistan’s first wind project through a public tendering process, announcing the statement on Sunday (19 December) to Saudi Arabia’s Tadawul stock exchange.

      ACWA Power signed the PPA with the off-taker National Electric Grid of Uzbekistan (NEGU) and the GSA with Uzbekistan’s Ministry of Finance.

      Under the agreement, ACWA signed a 25-year PPA to construct the Qorao’zak Wind Farm for NEGU. ACWA will charge $2.57KWh, which is the lowest tariff for wind energy projects in the country.

      The 100MW Nukus project will be constructed in the Qorao’zak district, north-western Uzbekistan and it is expected to reach financial impact in Q1 2024.

      IJGlobal reported in September (2021) that financial bids from 3 independent power producers had been lodged to develop the 100MW wind farm.

      Separately, in a bid to increase renewable energy within Central Asia, IJGlobal recently reported (November 2021) that the government of Uzbekistan has announced plans to boost the capacity of solar and wind projects to 8GW by 2026.

    TOP

    Other Articles - International


    TOP

       Home  -  Feedback  -  Contact Us  -  Safe Sender  -  About Energy Central   
    Copyright © 1996-2022 by CyberTech, Inc. All rights reserved.
    Energy Central® and Energy Central Professional® are registered trademarks of CyberTech, Incorporated. Data and information is provided for informational purposes only, and is not intended for trading purposes. CyberTech does not warrant that the information or services of Energy Central will meet any specific requirements; nor will it be error free or uninterrupted; nor shall CyberTech be liable for any indirect, incidental or consequential damages (including lost data, information or profits) sustained or incurred in connection with the use of, operation of, or inability to use Energy Central. Other terms of use may apply. Membership information is confidential and subject to our privacy agreement.