{"id":95771,"date":"2025-04-07T00:00:00","date_gmt":"2025-04-07T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2025\/04\/07\/commercial-operations-start-at-two-acwa-power-plants-in-uzbekistan\/"},"modified":"2025-04-07T00:00:00","modified_gmt":"2025-04-07T00:00:00","slug":"commercial-operations-start-at-two-acwa-power-plants-in-uzbekistan","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2025\/04\/07\/commercial-operations-start-at-two-acwa-power-plants-in-uzbekistan\/","title":{"rendered":"Commercial operations start at two Acwa Power plants in Uzbekistan"},"content":{"rendered":"

<\/strong>Commercial o<\/strong>perations kicked off<\/strong> at <\/strong>Acwa Power\u2019s 500 MW Dzhankeldy Wind <\/strong>Independent Power Project (IPP) and 500 MW<\/strong> Bash Wind IPP in Uzbekistan<\/strong>, according to disclosures to Tadawul (here<\/a> and here<\/a>). The impact of the operations is expected to be reflected in Acwa\u2019s financials in 2Q 2025.<\/p>\n

BACKGROUND- <\/strong>The company signed 25-year power purchase agreements<\/a> with the National Electrical Grid of Uzbekistan for both projects, which included a 128 km transmission line for Dzhankeldy and a 160 km one for Bash. The OPEC Fund approved two USD 20 mn loans<\/a> to finance the projects in April 2023.<\/p>\n

Who owns what?<\/strong> Acwa offloaded a 35% stake<\/a> in the USD 1.3 bn projects to China Southern Power Grid International, China Southern Power Grid\u2019s global investment arm, for SAR 596 mn (c. USD 159 mn) in July 2024. The renewables giant currently holds a 65% stake in each of the projects. <\/p>\n

Acwa has bigger energy projects in the country:<\/strong> Acwa has a total of 15 projects in Uzbekistan, worth around USD 13.9 bn. Acwa signed a SAR 18.2 bn (c. USD 4.9 bn) power purchase agreement<\/a> with the National Electric Grid of Uzbekistan (Negu) to develop a new 5 GW wind farm \u2014 set to be the largest in Central Asia \u2014 in May. It also signed a SAR 985 mn (c. 262.6 mn) power purchase agreement to develop the 200 MW Nukus 2 wind project in April 2024<\/a> and a USD 2.4 bn agreement with the National Electric Grid of Uzbekistan for a 1.5 GW wind energy farm in January 2024<\/a>. The company also achieved full commercial operation<\/a> at its 1.5 GW Sirdarya Combined Cycle Gas-Turbine power plant in December 2024.<\/p>\n","protected":false},"excerpt":{"rendered":"

Acwa's financials for 2Q 2025 are expected to reflect the impact of these operations<\/p>\n","protected":false},"author":1,"featured_media":95772,"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":[2570],"tags":[448,2425,10,451],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-95771","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-energy","tag-acwa-power","tag-energy","tag-enterpriseam-ksa","tag-renewables","wpautop","entry"],"acf":{"mongo_id":"c0eca4d4-c7a2-49ac-8406-eaded81c6a62","order":"6","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/5\/609.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Commercial operations start at two Acwa Power plants in Uzbekistan","related_issue":[95761],"teaser":"Acwa's financials for 2Q 2025 are expected to reflect the impact of these operations","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/4\/.bea367ba-5995-4275-a4b3-94583fdc3073.mp3"},"yoast_head":"\nCommercial operations start at two Acwa Power plants in Uzbekistan - 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