ACWA POWER

02 May, 2024 15:59

ACWA POWER Company announces the signing of a PPA with “National Electric Grid of Uzbekistan” (NEGU).

Element ListExplanation
Introduction ACWA POWER Company announces the signing of a Power Purchase Agreement (PPA) that falls under the Investment law in Uzbekistan with the “National Electric Grid of Uzbekistan” for Aral 5GW wind power project to be set up in the Republic of Uzbekistan.
Date of Announcement of the Award 2024-05-02 Corresponding to 1445-10-23
Contract Subject Matter Power Purchase Agreement (PPA).
The Entity with Which the Contract was Signed National Electric Grid of Uzbekistan.
Date of Signing the Contract 2024-05-02 Corresponding to 1445-10-23
Contract Value Estimated SAR 18.2 billion.
Contract Details Build, Own, Operate and Transfer at the end of PPA term of 25 years.
Contract Duration 25 years.
Financial Impact and the Relevant Period Financial impact to be disclosed at the time of the financial close of the first phase of the project, which will be announced in due time.
Related Parties NA
Additional Information This project is in the development stage and total investment value (contract value) may change when it reaches financial close.

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