Doha, Qatar: Over the past few years, Nibras Energy has witnessed significant expansion in its investments in various regions worldwide, particularly in Central Asia, including Turkiye and Uzbekistan.
Uzbekistan is the latest destination for Nibras Energy company, with its initial investments focused on signing a long-term Power Purchase Agreement (PPA) in the country. The objective is to build and operate the Syrdarya II Combined Cycle Gas Thermal (CCGT) power plant in the central region of the country.
The project, expected to enter production by the end of 2025 or early 2026, aims to expand Nibras Energy's global asset portfolio. In addition, it seeks to provide communities and cities across the country with access to a reliable and clean energy source.
The presence in Uzbekistan reaffirms the company's stature and the role it plays as one of the major energy companies in Central Asian countries.
Nibras Energy is proud to be awarded this opportunity to develop and manage a large-scale power project in Uzbekistan. It also promises to deliver significant technical and project expertise to support and strengthen the country's power industry.
In its first investment in Uzbekistan, Nebras Power partnered with an international consortium of power companies, including French company EDF (Electricité de France) and Japanese-based Sojitz Corporation and Kyuden Group. The alliance submitted the winning tender to build and manage the 1600 MW power facility in the region of Syrdarya, which is located approximately 150 km south of the capital city of Tashkent.
Syrdarya II is contracted to provide power to the National Power Grid of Uzbekistan as part of a 25-year off-take agreement. It will be one of the nation's largest power-generating facilities upon completion and will be instrumental in helping the country meet its growing energy demands from both industry and residential sectors.
Enersok, a newly formed project company, will be tasked with carrying out the construction and management of Syrdarya II. As part of the sales purchase agreement, Nebras will control 33.3 percent of Enersok, while the remaining shares will be divided amongst EDF, Sojitz and Kyuden.
The building of Syrdarya II will follow international guidelines on sustainability and conservation. Operations and maintenance will also adhere to stringent industry and environmental emission standards and protocols.