{"id":14830,"date":"2025-06-21T22:53:56","date_gmt":"2025-06-21T17:53:56","guid":{"rendered":"https:\/\/invest-in-uzbekistan.org\/?p=14830"},"modified":"2025-06-21T22:53:56","modified_gmt":"2025-06-21T17:53:56","slug":"saudovskaya-kompaniya-acwa-power-planiruet-rasshirit-investitsii-v-uzbekistan","status":"publish","type":"post","link":"https:\/\/invest-in-uzbekistan.org\/en\/novosti-uzbekistana\/saudovskaya-kompaniya-acwa-power-planiruet-rasshirit-investitsii-v-uzbekistan\/","title":{"rendered":"Saudi Arabia\u2019s ACWA Power plans extended investment in Uzbekistan"},"content":{"rendered":"<strong>Saudi utility giant ACWA Power is planning for new investments in Uzbekistan, affirming its status as the leading foreign investor in the Central Asian nation\u2019s energy sector, \u2018\u2018ARAB NEWS\u2019\u2019 <a href=\"https:\/\/www.arabnews.com\/node\/2604152\/business-economy\">reports<\/a>.<\/strong><\/p>\n<p><a href=\"http:\/\/invest-in-uzbekistan.org\/wp-content\/uploads\/4610866-1062554441.webp\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-14831\" src=\"http:\/\/invest-in-uzbekistan.org\/wp-content\/uploads\/4610866-1062554441.webp\" alt=\"\" width=\"670\" height=\"347\" srcset=\"https:\/\/invest-in-uzbekistan.org\/wp-content\/uploads\/4610866-1062554441.webp 670w, https:\/\/invest-in-uzbekistan.org\/wp-content\/uploads\/4610866-1062554441-300x155.webp 300w, https:\/\/invest-in-uzbekistan.org\/wp-content\/uploads\/4610866-1062554441-254x132.webp 254w\" sizes=\"auto, (max-width: 670px) 100vw, 670px\" \/><\/a><\/p>\n<p>According to the company&#8217;s Chief Financial Officer (CFO) for Uzbekistan Sumendra Rout said at the IV Tashkent International Investment Forum,\u00a0the company&#8217;s total investment in Uzbekistan has already reached $15 billion, and the current portfolio of joint projects covers 19 energy initiatives, 18 of which are related to renewable energy sources.<\/p>\n<p>\u201cWe are not going to stop here. Our objective is to expand our investments. During this forum, we plan to sign another agreement with the government of Uzbekistan worth $5 billion,\u201d said Rout.<\/p>\n<p>During the forum, Rout also emphasized the importance of Islamic finance instruments in ensuring sustainable economic development, particularly among small and medium-sized enterprises.<\/p>\n<p>He added that Shariah-compliant financing mechanisms are capable of offering more effective support to SMEs compared to traditional financing tools.<\/p>\n<p>\u201cWe are ready to share our experience with Uzbekistan and contribute to building a more inclusive financial system,\u201d said Raut.<\/p>\n<p>During the forum, Abid Malik, president of ACWA Power for Central Asia, announced that Uzbekistan is all set to localize the production of wind turbine components, including blades and turbines.<\/p>\n<p>Malik added that ACWA Power is collaborating closely with suppliers and seeks to provide technical support to local enterprises working on renewable projects in Uzbekistan.<\/p>\n<p>As part of a 200-megawatt wind power project currently underway in Karakalpakstan, ACWA Power has tasked its turbine supplier with establishing local manufacturing operations in Uzbekistan.<\/p>\n<p>\u201cOur supplier is planning to begin production of wind turbines and blades within the country in the near future,\u201d added Malik.<\/p>\n<p>He further said that Uzbekistan will begin producing green hydrogen this month, with an annual production capacity of 3,000 tonnes.<\/p>\n<p>\u201cWe believe this will elevate Uzbekistan\u2019s position on the global green hydrogen map,\u201d said Malik.<\/p>\n<p>In 2023, Shavkat Mirziyoyev, president of Uzbekistan, launched a pilot green hydrogen facility in the Tashkent Region in cooperation with ACWA Power.<\/p>\n<p>The $88 million project is being implemented in two phases, with production from the first phase expected to begin this month.<\/p>\n<p>The production of green hydrogen aligns with Uzbekistan\u2019s goal to achieve 20 gigawatts of clean energy capacity by 2030.<\/p>\n<p>The country is also prioritizing the expansion of solar, wind, and hydroelectric energy, leveraging its natural resources to decrease reliance on fossil fuels.<\/p>\n<p>In April, ACWA Power commenced commercial operations at two major wind power plants in Uzbekistan.<\/p>\n<p>In December, the company also launched three renewable initiatives in Uzbekistan, including wind, solar, and battery storage facilities.<\/p>\n<p>These undertakings include the Bash and Dzhankeldy Wind Power Plants, with a total capacity of 1,000 megawatts and a transmission line.<\/p>\n<p data-gtm-vis-recent-on-screen109681369_148=\"129620\" data-gtm-vis-first-on-screen109681369_148=\"129620\" data-gtm-vis-total-visible-time109681369_148=\"100\" data-gtm-vis-has-fired109681369_148=\"1\">Additionally, there are the Samarkand 1 and 2 solar projects, which have a combined capacity of 1,000 MW of solar power, along with a 1,000 MWh battery energy storage system. The Tashkent BESS Project has a capacity of 500 MWh.<\/p>","protected":false},"excerpt":{"rendered":"<p>Saudi utility giant ACWA Power is planning for new investments in Uzbekistan, affirming its status as the leading foreign investor in the Central Asian nation\u2019s energy sector, \u2018\u2018ARAB NEWS\u2019\u2019 reports&#8230;.<\/p>\n","protected":false},"author":1,"featured_media":14831,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[3],"tags":[],"class_list":["post-14830","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-novosti-uzbekistana"],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/invest-in-uzbekistan.org\/en\/wp-json\/wp\/v2\/posts\/14830","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/invest-in-uzbekistan.org\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/invest-in-uzbekistan.org\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/invest-in-uzbekistan.org\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/invest-in-uzbekistan.org\/en\/wp-json\/wp\/v2\/comments?post=14830"}],"version-history":[{"count":1,"href":"https:\/\/invest-in-uzbekistan.org\/en\/wp-json\/wp\/v2\/posts\/14830\/revisions"}],"predecessor-version":[{"id":14833,"href":"https:\/\/invest-in-uzbekistan.org\/en\/wp-json\/wp\/v2\/posts\/14830\/revisions\/14833"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/invest-in-uzbekistan.org\/en\/wp-json\/wp\/v2\/media\/14831"}],"wp:attachment":[{"href":"https:\/\/invest-in-uzbekistan.org\/en\/wp-json\/wp\/v2\/media?parent=14830"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/invest-in-uzbekistan.org\/en\/wp-json\/wp\/v2\/categories?post=14830"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/invest-in-uzbekistan.org\/en\/wp-json\/wp\/v2\/tags?post=14830"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}