Saudi Arabia-based ACWA Power has signed an Engineering, Procurement, and Construction (EPC) contract with Energy China Group Corporation (CEEC) for a solar photovoltaic (PV) project in Tashkent, Uzbekistan.
ACWA Power is a leading Saudi developer, investor, and operator of power generation, water desalination, and green hydrogen plants worldwide. The Saudi company employs over 4,000 people and is currently present in 12 countries in the Middle East, Africa, Central Asia, and Southeast Asia.
The Power Purchase Agreement of the project has been signed earlier in March 2023, between ACWA Power and (JSC) National Electric Grid of Uzbekistan (NEGU) and the Ministry of Investment, Industry and Trade.
The project will form part of Uzbekistan’s ambitious targets to transition to a low-carbon economy as well as diversify its energy sources.
The EPC contract was signed by Mr. Raad Al Saady, Vice Chairman and Managing Director of ACWA Power, and Mr. LYU Zexiang, Chairman of the China Energy International Group Co. Ltd., during a high-level meeting between ACWA Power and CEEC in Riyadh, Saudi Arabia.
This agreement marks another milestone in the ongoing partnership between the two entities. The project is set to bring clean and sustainable energy to Uzbekistan, showcasing the commitment of both organizations to advancing sustainable energy solutions, as per the statement.
