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Asharq Al-Awsat
Asharq Al-Awsat
Business
Riyadh - Asharq Al-Awsat

Saudi ACWA Power Signs Power Purchase, Investment Agreements for Wind Plant in Uzbekistan

The Saudi Minister of Investment and his Uzbek counterpart attend the signing of power purchase agreements and investment agreements to develop the Kungrad wind farm. (Asharq Al-Awsat)

Saudi Arabia's ACWA Power has signed power purchase agreements (PPAs) and investment agreements (IAs) with Uzbekistan’s government to develop the 1.5GW Kungrad wind farm, formerly referred to as the Karakalpakstan Wind Independent Power Producer (IPP).

The wind farm shall comprise three 500MW wind power projects owned by three subsidiaries, namely ACWA Power Kungrad Wind 1, ACWA Power Kungrad Wind 2 and ACWA Power Kungrad Wind 3.

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