BAKU, Azerbaijan, November 16. Saudi ACWA Power company considered prospects for expanding investment cooperation with Uzbekistan, Trend reports via the Uzbek Ministry of Investments and Foreign Trade.
The Deputy Prime Minister - Minister of Investments and Foreign Trade of Uzbekistan Jamshid Khodjaev met with the Chairman of the Board of ACWA Power Mohammad Abunayyan, dedicated to discussing issues of accelerating the implementation of current joint projects and further expanding investment cooperation in the development of renewable energy sources.
In particular, the parties studied the process of implementing the project for the construction of a combined cycle thermal power plant with a capacity of 1,500 MW on the basis of the Syrdarya thermal power plant, as well as the preparations for the construction of two wind power plants with a capacity of 500 MW each in the Bukhara region.
The Saudi company considered the prospects for the implementation of new large-scale investment projects in Uzbekistan. In this context, an exchange of views took place on the possibility of developing new investment projects for the construction of wind farms with a capacity of up to 1.5 GW in the Republic of Karakalpakstan.
These projects are expected to reduce carbon emissions by 1.6 million tons per year, thereby contributing to the goal of converting 40 percent of the country's energy capacity to renewable energy sources by 2031.
Following the talks, a mutual commitment was expressed to provide comprehensive assistance to the accelerated implementation of joint projects and the development of new agreements and initiatives.