ACWA Power bags contract to build wind power plant in Uzbekistan

Half-owned by the Public Investment Fund, ACWA won the contract after it bid the lowest tariff of $2.57 per kilowatt hour

  
Image used for illustrative purpose. Windmills and electricity pylons are seen at the Xinjiang Tianfeng Wind Power Plant in Dabancheng district of Urumqi, northwest China's Xinjiang Uygur Autonomous Region August 18, 2010.

Image used for illustrative purpose. Windmills and electricity pylons are seen at the Xinjiang Tianfeng Wind Power Plant in Dabancheng district of Urumqi, northwest China's Xinjiang Uygur Autonomous Region August 18, 2010.

REUTERS/Petar Kujundzic

DUBAI: Saudi Arabia-based utility provider ACWA Power will build and operate a 100 megawatt wind power project in Uzbekistan, in a tender supported by the European Bank for Reconstruction and Development.

Half-owned by the Public Investment Fund, ACWA won the contract after it bid the lowest tariff of $2.57 per kilowatt hour, the bank said in a release.

“The tariff achieved represents a major success for the country’s power sector and shows what a combination of ambitious policy targets and proper competition can achieve,” Aida Sitdikova, a director at EBRD, said.

The new plant will be located in the Qorao’zak District, and is expected to diversify energy supply and increase energy security in the autonomous republic north west of Uzbekistan.

The central Asian country has been keen on increasing its renewable energy capacity. It wants to install 5,000 MW of solar and 3,000 MW of wind energy by 2030.

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