ACWA Power said that the 1500 MW wind energy project will be located in the Karakalpakstan area. The project is expected to achieve financial closure by the end of 2023. Saudi Arabia based utility developer ACWA Power has said in a disclosure on Tadawul bourse that the company has signed a Heads of Terms (HoT) Agreement with Uzbekistan for the development of a 1500 MW wind energy project. As per the disclosure, the deal will be signed with the Ministry for Energy and Ministry of Investment & Foreign Trade of the Central Asian republic. ACWA Power is partly owned by…
Author: Saur News Bureau
The total capacity of the combined five RE projects will be 3,300 MW. Saudi Arabia is implementing the National Renewable Energy Program through its Energy Ministry and the newly launched five renewable energy projects are a part of the fourth phase of the program. The Kingdom of Saudi Arabia is building five new projects for the production of renewable electricity. As per reports, the total capacity of the combined five RE projects will be 3,300 MW. The Saudi Power Procurement Company (SPPC) had announced recently that solar and wind sources will be employed to generate electricity. The company has launched…