Visionary projects mark start of new chapter in investment relationship: Al-Falih

Visionary projects mark start of new chapter in investment relationship: Al-Falih

TASHKENT — Following agreements signed in March 2020, cooperation between the Uzbekistan Ministry of Energy, the Ministry of Investments and Foreign Trade, and ACWA Power has led to three major milestones in the development of power projects to enable Uzbekistan's ambitious energy transformation plan and increase energy capacity by 2500MW.The ground-breaking ceremony of the 1500MW Sirdarya CCGT plant, followed by the signing of two Power Purchase Agreements and Investment Agreements for two wind power plants located in Bukhara and Navoi, was conducted in the presence of Deputy Prime Minister and Minister of Investments and Foreign Trade of the Republic of Uzbekistan Sardor Umurzakov, and Alisher Sultanov, energy minister of the Republic of Uzbekistan, as well as a Saudi Arabian delegation led by Minister of Investment Eng Khalid Al-Falih, and Hisham Mishal Al-Suwailem, Saudi Ambassador to Uzbekistan.Other attendees included senior representatives from the Uzbekistan Ministry of Energy, Ministry of Investments and Foreign Trade, ACWA Power and Air Products.ACWA Power will be delivering these three projects utilizing its technical knowledge, expertise, and experience, to