Synergy Consulting is pleased to announce the execution of Power Purchase Agreement (PPA) and the Government Support Agreement (GSA) for the 100 MW Wind based IPP in Qorao’zak District, Republic of Uzbekistan between “ACWA Power Wind Karatau” FE LLC (Project Company set up by International Company for Water and Power Projects (ACWA Power), the sponsor), JSC National Electric Grid of Uzbekistan (JSC NEGU, the offtaker) and Ministry of Finance of the Republic of Uzbekistan.
The Project is the first phase of a wider program under which the EBRD is supporting the Government of Uzbekistan for the development of wind power capacity across Uzbekistan. The Project is also the first competitive tender process for a wind project in the country.
Synergy Consulting is honored to be the Lead and Financial Advisor to European Bank for Reconstruction and Development (EBRD) and the Government of Uzbekistan on this Project. Synergy would like to thank the members of our advisory consortium, Dentons (Legal Advisor), Gopa Intec and Juru Energy (Technical Advisors) for their support on the Transaction.