UAE’s TAQA signs agreement to explore power projects and infrastructure Projects in Uzbekistan

UAE’s TAQA signs agreement to explore power projects and infrastructure Projects in Uzbekistan

Abu Dhabi National Energy Company PJSC (TAQA), one of the largest listed integrated utilities in the region, has announced a collaboration with the Government of Uzbekistan to explore strategic opportunities for investment in Uzbekistan’s power sector. These opportunities include new and existing power plants as well as associated power infrastructure and collectively could be worth more than USD $3 billion.

A strategic framework agreement and an implementation agreement were signed by His Excellency Azim Akhmedkhadjaev, First Deputy Minister of Energy and His Excellency Sarvar Khamidov, Deputy Minister of Investment, Industry and Trade. The agreements were signed on behalf of TAQA by Jasim Husain Thabet, TAQA’s Group Chief Executive Officer and Managing Director.

The implementation agreement covers proposals for a greenfield combined cycle power plant with a capacity of approximately 1.5 GW. The new project is set to be developed adjacent to the existing Talimarjan power complex where TAQA has already announced plans to invest in the privatisation of two gas-fired power plants. The new partnership is expected to cover the design, financing, engineering, procurement, commissioning, testing, ownership and operation of the power plant by TAQA.

The agreements are also looking at opportunities to invest in existing and further greenfield gas-fired power generation plants