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The Ministry of Energy of Uzbekistan has signed three deals worth over $2 billion to improve energy generation and develop technical expertise.

The three deals have been signed with Saudi Arabia-based firm ACWA Power and they include:

  • A $1.2 billion, 25-year Power Purchase Agreement for the development/construction/operation of a 1500MW Combined Cycle Gas-Turbine power plant.

The plant will be built in Shirin City in the Syrdarya region and will be developed under the ‘Build, Own, Operate, Transfer’ model.

The plant’s efficiency rate will be in excess of 60% – saving almost twice the natural gas currently used for electricity production.

  • A $550 million – $1.1 billion deal to build a wind energy plant with a capacity of 500-1000MW
  • A deal for the development of a training center to enhance technical skills of Uzbek students.

Alisher Sultanov, Minister of Energy of Uzbekistan said: “These newly agreed power projects represent a historic milestone for Uzbekistan and supports our mission to strengthen energy security through self-sufficient power sources. ACWA Power’s focus on smart, energy-efficient technologies will provide more than 2000 MW of added power and enable us to achieve a more sustainable, secure and affordable energy ecosystem for our country.”

The energy transition is a hot topic disrupting the utility industry in Asia and will be a key focus at Enlit Asia which takes place in Jakarta, Indonesia from 23-25 March. For more details click here.