Implementation of new investment projects in Uzbekistan by ACWA Power

On April 19, 2021 Deputy Prime Minister, Minister of Investments and Foreign Trade of the Republic of Uzbekistan Sardor Umurzakova had the first videoconference with the Chairman of the Board of ACWA Power (Kingdom of Saudi Arabia), Co-Chairman of the Uzbek-Saudi Joint Business Council Muhammad Abunayan.

Issues of implementing joint projects and further expanding cooperation in the field of alternative energy were discussed.

The progress in the construction of a combined cycle thermal power plant with a capacity of 1,500 MW based on the Syrdarya thermal power plant was discussed, and tasks were set to accelerate the start of construction work for two wind power plants in the Bukhara region with a total capacity of 1 GW.

The Saudi announced that it plans to further develop and invest in projects in Uzbekistan. In particular, the issues of construction of "ACWA Power" of new wind power plants in the Republic of Karakalpakstan with a total capacity of up to 1.5 GW were discussed.

As a result of the negotiations, an agreement was signed to intensify bilateral interaction in order to accelerate the advancement of ongoing and ongoing projects and initiatives.