ACWA Power Co. announced in a statement that it has signed a power purchase agreement (PPA) with the National Electric Grid of Uzbekistan for three wind power plants, with a total capacity of 1.5 GW, in Kungrad district.
The wind farm shall comprise of three 500MW wind power projects owned by 3 subsidiaries, namely ACWA Power Kungrad Wind 1 LLC FE, ACWA Power Kungrad Wind 2 LLC FE and ACWA Power Kungrad Wind 3 LLC FE.
Each of the 3 projects will also incorporate a 100MW capacity battery energy storage system.
The value of the agreement is $2.4 billion.
Project Scope of Works includes Development, construction and operation.
The total duration of the project is 25 years.
The Kungrad Windfarm, formerly referred to as the Karakalpakstan Wind IPP, will be the largest single-site wind farm in Central Asia and one of the largest in the world. It is expected to reduce 2.4 million tons of carbon emissions per year and power 1.65 million households, when completed.
The project is expected to achieve financial close by 2024 and will be fully commissioned in 2027. When complete, the facility is expected to power 1.65 million households.
