Saudi Arabia’s ACWA Power has announced that it has signed three new strategic agreements with the Ministry of Energy of Uzbekistan to amplify power generation and develop technical expertise. The agreements could potentially be worth up to $2.5 billion.

According to a statement from ACWA Power, the agreements include a 25 year Power Purchase Agreement (PPA) – with a total investment value of $1.2 billion – for a 1500 MW Combined Cycle Gas-Turbine (CCGT) power plant; an Implementation Agreement worth $550 million-$1.1 billion for the building of a wind power plant with a capacity of 500-1000 MW of clean energy; and a Memorandum of Understanding (MOU) for the development of a training centre to enhance technical skills of Uzbek students and professionals.

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