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    A partnership between UAE energy and Uzbekistan to invest in electricity


    May 22, 2023 - The Eastern Herald

     

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      These opportunities include a number of new and existing power plants, in addition to the infrastructure needed for these plants, with a total value that could exceed $3 billion.

      The implementation agreement includes bids for the construction of a new power plant with a capacity of approximately 1.5 gigawatts operating in the combined cycle system.

      The new project is to be developed on a site close to the existing Talimorgan power complex in Uzbekistan, in which TAQA had announced its intention to invest in the privatization of two gas-fired power plants located inside.

      Under this new partnership, TAQA will be responsible for all work related to the design, financing, engineering, procurement, outsourcing, testing, ownership and operation of factory.

      The two agreements aim to explore investment opportunities in a number of existing power plants and other new gas-fired power plants with a total capacity of more than 3 gigawatts, as well as in the transmission and distribution infrastructure of electricity in Uzbekistan.

      These two agreements allow TAQA to benefit from its expertise in the field of operation and maintenance and to employ it to support new and existing power generation projects in Uzbekistan.

      TAQA will also support the efforts of the government of Uzbekistan to develop its utility sector.

      In transmission and distribution operations, TAQA will leverage its expertise to enable the government of Uzbekistan to significantly improve the performance of the transmission and distribution network, upgrade network assets and improve the customer experience and collection services.

      Deputy Minister of Investment, Industry and Trade Sarvar Khamidov “This new partnership and the proposed projects are based on the cooperation opportunities that exist today between the Republic of Uzbekistan and the UAE and our vision to support the energy sector and invest in sustainable and reliable projects. We look forward to cooperating with TAQA to advance the path of the desired transformation in Uzbekistan.

      For his part, Jassim Hussain Thabet, Group CEO and Managing Director of Abu Dhabi National Energy Company (TAQA), said: “By working together, we can accelerate the pace of sustainable development of the electricity sector in the country. , as well as strengthening the ties of the strong relationship between our two countries. In addition to helping modernize the power grid and power generation sector in Uzbekistan, working closely with key ministries and government agencies will allow us to expand our portfolio of international projects and consolidate our leadership position. . global utility company.

      During the signing of the two aforementioned agreements, a joint development agreement was signed between the Ministry of Energy of the United Arab Emirates, the Ministry of Investment, Industry and Trade of Uzbekistan on the one hand , and the Abu Dhabi Future Energy Company “Masdar” on the other hand. , with the aim of developing projects for the generation of electricity from solar energy and wind energy with a total capacity of more than 2 gigawatts, and energy storage using solar batteries. capacity of 500 megawatt hours at several locations in the Republic of Uzbekistan.

      Read the Latest World News Today on The Eastern Herald.

      Copyright © 2023 The Eastern Herald.


      The views expressed in content distributed by Newstex and its re-distributors (collectively, "Newstex Authoritative Content") are solely those of the respective author(s) and not necessarily the views of Newstex et al. It is provided as general information only on an "AS IS" basis, without warranties and conferring no rights, which should not be relied upon as professional advice. Newstex et al. make no claims, promises or guarantees regarding its accuracy or completeness, nor as to the quality of the opinions and commentary contained therein.

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