The Government of Uzbekistan (“GOU”) executed the project documents for the 200 MW wind-based power project with 100 MW | 100 MWh battery energy storage system in the Republic of Karakalpakstan, Republic of Uzbekistan.
ACWA POWER-Saudi Listed Joint Stock Company (Saudi Arabia) executed the Public Private Partnership Agreement (PPPA) with the JSC “National Electric Grids of Uzbekistan” (NEGU) respectively.
Previously, ACWA POWER-Saudi Listed Joint Stock Company (Saudi Arabia) was announced as the Winning Bidder with a proposed levelized cost of US cents 4.0945 / kWh
The PPP tender was procured by the Ministry of Energy of the Republic of Uzbekistan, the Ministry of Economy and Finance, the Ministry of Investment, Industry and Trade, and the JSC “National Electric Grids of Uzbekistan”.
The European Bank for Reconstruction and Development (“EBRD”) is supporting GOU with the preparation and procurement of this project. The support for this 200 MW wind farm project is the 2nd phase of a wider programme under which the EBRD is supporting GOU to develop up to 2,000 MW of wind power capacity across the country.
Synergy Consulting, Inc. is the Lead and Financial Advisor for the Project with Gopa-Intec and Juru Energy as the technical advisors and White & Case as the legal advisor.
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