ACWA Power signs agreement for 100 MW Nukus wind farm in Uzbekistan

19/12/2021 Argaam

Logo of ACWA Power

International Company for Water and Power Projects (ACWA Power) stated that its affiliate ACWA Power Wind Karatau signed a 25-year agreement with Nukus Wind JSC National Electric Grid of Uzbekistan (NEGU) for the 100 megawatt (MW) Nukus wind project in Uzbekistan.

 

The Nukus wind farm, valued at $108 million, is located in Karakalpakstan region, Northwest of Uzbekistan, the company said in a bourse filing.

 

ACWA Power won the competitive bid after proposing a tariff of 2.5695 cents/kilowatt hour (kWh).

 

The relevant financial impact is expected to show in Q1 2024, the company noted.

 

This is the first-of-its-kind wind project to be carried out through public tendering in Uzbekistan. It also has the lowest tariff for such kind of projects in the country.

 

In addition, this is the first renewable energy project in Uzbekistan, to be governed by the new Public-Private Partnerships (PPP) Law in Uzbekistan.

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