The Government of Uzbekistan (“GOU”) has announced the Winning Bidder of the Request for Proposal (“RFP”) to select independent power producers to develop a 200 MW wind-based power project with battery energy storage system in the Republic of Karakalpakstan, Republic of Uzbekistan.
The results of the financial proposals’ opening were as follows:
1) “ACWA POWER-Saudi Listed Joint Stock Company” (Saudi Arabia) proposed a levelized cost of US cents 4.0945 / kWh
2) “Abu Dhabi Future Energy Company PJSC-Masdar” proposed US cents 4.9970 / kW
ACWA Power is declared the tender’s Winning Bidder, and Abu Dhabi Future Energy Company PJSC – Masdar is named as the tender’s Reserved Winning Bidder.
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 Board of 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 program under which the EBRD is supporting GOU to develop up to 2,000 MW of wind power capacity across the country.
Synergy 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 Adviser.