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Investments volume of Saudi ACWA Power in Uzbekistan disclosed

Uzbekistan Materials 24 January 2023 05:21
Trend News Agency
Investments volume of Saudi ACWA Power in Uzbekistan disclosed

BAKU, Azerbaijan, January 24. ACWA Power, a leading Saudi developer, investor, and operator of power generation, implements projects worth $4.2 billion in Uzbekistan, Trend reports citing the press service of the Uzbek Ministry of investment and foreign trade.

According to the source, the company will construct a wind power plant with a total capacity of 1500 MW in Uzbekistan’s Karakalpakstan, and two wind power plants with a total capacity of 1 GW are under construction in the Bukhara region.

The plants in Bukhara will generate 3.6 billion kWh of electricity per year. As a result, the annual saving of natural gas will amount to 1.1 billion cubic meters. The power plants will be put into operation in 2024.

As for the wind plant in Karakalpakstan, it is planned to be commissioned in 2026, producing 5.2 billion kWh of electricity per annum saving 1.5 billion cubic meters of natural gas. The plant will have a 300 MW/550 MWh battery energy storage system (BESS). The BESS will serve to smooth out the intermittent power output from the wind turbines.

Moreover, ACWA Power will construct an overhead transmission line of more than 800 km to pass the wind power from the northwest of Uzbekistan to its central part.

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