Uzbekistan signs agreements worth more than $ 2 billion with Aqua Power Saudi Arabia


MOSCOW (Reuters) – The Ministry of Energy of Uzbekistan said on Thursday that the country has signed strategic agreements worth more than $ 2 billion with Saudi developer Aqua Power to boost electricity generation and develop technical expertise.

The ministry added that the agreements include a 25-year electricity purchase agreement worth 1.2 billion dollars that will involve the construction of Aqua Power and the management of a gas-fired power station in the country.

The project, which Tashkent invited to bid for this week, will boost the country’s total capacity by 12 percent.

Uzbekistan has already entered into an agreement with an Emirati source to build a 100-megawatt solar-powered power station, and has announced plans for three other solar-powered facilities with a capacity of more than 200 megawatts.

The country is also working with Russia’s Russia-Atom to build a nuclear power plant.

Moataz Mohamed prepared for the Arab publication


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