Saudi developer ACWA Power has finalised project agreements for the 100MW Nukus wind farm in Uzbekistan.
The $108m (€96m) project will be located in the Karakalpakstan region in north-western Uzbekistan.
Nukus is Uzbekistan’s first publicly tendered wind project, which ACWA Power won after proposing a tariff of $0.025695 a kilowatt-hour.
ACWA Power signed a 25-year power purchase agreement with JSC National Electric Grid of Uzbekistan, and a Government Support Agreement (GSA) with Uzbekistan’s government, represented by the Ministry of Finance.
Uzbekistan Minister of Energy Alisher Sultanov said: “We welcome this agreement as a further indication of ACWA Power’s commitment to Uzbekistan’s energy future.
“It is also a validation of the open and transparent bidding process we have put in place, with 12 well-qualified international bidders competing. We look forward to working with ACWA on this and its other exciting projects in our country.”
ACWA Power president and chief executive Paddy Padmanathan said: “Uzbekistan is undergoing tremendous change as it progresses quickly towards an industrialised, connected and economically prosperous future.
“To achieve these goals, energy demand is set to increase rapidly and we at ACWA Power have the expertise, experience and technological know-how to deliver on these ambitions while ensuring the trajectory to achieving the net zero commitment, all as demonstrated by our work in our home market of Saudi Arabia, and beyond.
“We look forward to continue working with our government partners in Uzbekistan in realising their plans.”