ACWA Power to Begin Construction on Green Hydrogen Plant in Uzbekistan this Autumn
Uzbek Ministry of Investment, Industry, and Trade held negotiations on July 10 with ACWA Power’s Board Chairman, Mohammad Abunayyan, with the aim of discussing ongoing projects and potential future investments in the energy and chemical industry in Uzbekistan. The talks were facilitated by Minister Laziz Kudratov.
During the meeting, ACWA Power’s significant contributions to the country’s energy sector development were acknowledged. Currently, the company has an investment portfolio consisting of eight projects in Uzbekistan, with a total cost exceeding $6.8 billion and a design capacity of over 5.5 GW. The success of ACWA Power is seen as crucial in attracting investments to Uzbekistan and establishing the country as a leading center for renewable energy in the Central Asian region.
Specific focus was given to ongoing projects such as the construction of a combined cycle power plant in the Syrdarya region, with a capacity of 1.5 GW, wind power plants in the Bukhara region and the Republic of Karakalpakstan, with a combined capacity of 2.6 GW, and solar power plants in the Samarkand and Tashkent regions, with a capacity of 1.4 GW. The parties agreed to take practical measures to ensure the timely completion of these projects.
Furthermore, new initiatives were discussed. An agreement was reached on the construction of a plant for the production of “green” hydrogen, with an annual capacity of 3,000 tons. Construction is scheduled to begin in the fall of this year. The parties also deliberated on the localization of equipment production for wind turbines, which is expected to expand the utilization of renewable energy sources and improve their accessibility in the domestic market.
In conclusion, both parties agreed to implement targeted measures to ensure the successful completion of the discussed projects and initiatives. These developments signify the commitment of Uzbekistan to further enhance its energy sector and promote renewable energy investments in the country.
