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Uzbekistan’s Ministry of Energy signs agreements with ACWA Power
2020-03-06 | Economics
The Ministry of Energy of the Republic of Uzbekistan signed two agreements and a memorandum at the amount of almost 2 billion USD with Saudi Arabia’s ACWA Power, the developer of energy services for the development of the energy industry.
According to the Ministry, the signed documents include a 25-year Power Purchase Agreement (PPA) worth 1.2 billion USD for development, construction and operation of a combined cycle gas turbine power plant with a capacity of 1,500 MW and an Agreement on implementation of construction of a wind power station with a capacity of 500-1000 MW of clean energy for 0.55-1.1 billion USD.
The parties also signed a Memorandum of Understanding on development of a training center for improving students’ technical skills.
