ACWA Power has announced it has finalised the project agreements for the 100MW Nukus wind project in the Republic of Uzbekistan. Valued at US$ 108 million, the Nukus wind farm is located in the Karakalpakstan region, in North-western Uzbekistan.
This project is Uzbekistan’s first publicly tendered wind project. ACWA Power won the competitive bid after proposing a tariff of US 2.5695 cents/kwh. ACWA Power Wind Karatau FE LLC signed the 25- year Power Purchase Agreement (PPA) with JSC National Electric Grid of Uzbekistan (NEGU), and ACWA Power Wind Karatau FE LLC and ACWA Power signed the Government Support Agreement (GSA) with the Government of Uzbekistan represented by the Ministry of Finance. The Nukus wind farm’s financial close is expected to be finalised by the third quarter of 2022, with commercial operations scheduled for early 2024.
