ACWA Power, a Saudi energy firm, has signed the Engineering, Procurement, and Construction (EPC) contract with Energy China Group Corporation (CEEC) for a solar photovoltaic (PV) project in Tashkent, Uzbekistan.
In March 2023, a Power Purchase Agreement for the project was signed between ACWA Power and (JSC) National Electric Grid of Uzbekistan (NEGU) and the Ministry of Investment, Industry and Trade.
With this tie up, Uzbekistan will be moving towards ambitious targets to achieve a low-carbon economy as well as diversify its energy mix.
The EPC contract was signed by Raad Al Saady, Vice Chairman and Managing Director of ACWA Power, and 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. As per the firms, this project will bring clean and sustainable energy to Uzbekistan, and will also prove their commitment to advancing sustainable energy solutions.