{"id":105836,"date":"2026-02-15T00:00:00","date_gmt":"2026-02-15T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2026\/02\/15\/acwas-uzbek-battery-system-is-online\/"},"modified":"2026-02-15T00:00:00","modified_gmt":"2026-02-15T00:00:00","slug":"acwas-uzbek-battery-system-is-online","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2026\/02\/15\/acwas-uzbek-battery-system-is-online\/","title":{"rendered":"Acwa\u2019s Uzbek battery system is online"},"content":{"rendered":"<p class=\"tag-border-left\">Acwa flips the switch on Riverside battery<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Acwa achieved full commercial operation for its Riverside <\/strong><strong>battery energy storage <\/strong><strong>s<\/strong><strong>ystem in Uzbekistan<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=93093&anCat=1&cs=2082&locale=en\" style=\"\">Tadawul disclosure<\/a>. The project \u2014 located in the Tashkent region \u2014 commenced full commercial operations on 11 February following verification from the National Electric Grid of Uzbekistan. Acwa holds a 100% stake in the project company, which also operates the adjacent <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/ksa\/2024\/07\/02\/acwa-powers-200-mw-solar-power-project-in-uzbekistan-gets-financial-backing\/\" style=\"\">200 MW Riverside solar photovoltaic plant<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IN CONTEXT- <\/strong>Acwa is the largest foreign investor in Uzbekistan\u2019s energy sector, with 19 projects totaling USD 5 bn, Acwa\u2019s Uzbekistan country head Soumendra Rout said <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/ksa\/2025\/06\/12\/saudi-india-power-interconnection-worth-usd-5-bn-on-the-way-acwa-power-is-mulling-usd-5-bn-agreement-with-uzbekistan\/\" style=\"\">in June<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">Madfu bags SAR 95 mn in a pre-series A funding round <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Homegrown BNPL startup <\/strong><strong><a target=\"_blank\" href=\"https:\/\/madfu.com.sa\/ar\/home\" style=\"\">Madfu<\/a><\/strong><strong> closed a SAR 95 mn pre-series A funding round, <\/strong>led by <a target=\"_blank\" href=\"https:\/\/afaq.co\/en\" style=\"\">Afaq Capital<\/a> alongside a group of unnamed angel investors, the company said in a <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/posts\/madfu-limited_madfu-fintech-bnpl-activity-7428467544304320512-i0-t?utm_source=share&utm_medium=member_desktop&rcm=ACoAADKzrWYB_Vh_KTSGtQ4AAAAhQQSbfVysFkc\" style=\"\">LinkedIn post<\/a>. Founded in 2022 by Abdullah Albrahim (<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/abdullah-albrahim-25b7492a4\/\" style=\"\">LinkedIn<\/a>), Ahmad Alwosheel (<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/ahmad-alwosheel\/\" style=\"\">LinkedIn<\/a>), and Anas Alshuqayr (<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/anas-alshuqayr-62b325102\/\" style=\"\">LinkedIn<\/a>), Madfu is <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/ksa\/2025\/06\/19\/diriyah-sothebys-launch-experience-center-in-london\/\" style=\"\">licensed<\/a> by the Saudi Central Bank to offer BNPL services to individuals and businesses via flexible plans of up to six installments.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The 36-month project is managed by Al Rajhi Capital<\/p>\n","protected":false},"author":1,"featured_media":105837,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2564],"tags":[4829,4800,54,10],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-105836","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-acwa","tag-alramz","tag-also-on-our-radar","tag-enterpriseam-ksa","wpautop","entry"],"acf":{"mongo_id":"279266da-3fa6-4de4-be5c-f3d621a8b82a","order":"10","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/8\/1612.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Acwa\u2019s Uzbek battery system is online","related_issue":[105819],"teaser":"The 36-month project is managed by Al Rajhi Capital"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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