| Introduction | ACWA POWER Company announces the signing of a Power Purchase Agreement (PPA) that falls under the Public Private Partnership law in Uzbekistan with the “National Electric Grid of Uzbekistan” for Nukus2 200 MW wind power project along with Battery Energy Storage System (BESS) to be set up in the Republic of Uzbekistan. |
| Date of Announcement of the Award | 2024-03-28 Corresponding to 1445-09-18 |
| Contract Subject Matter | Power Purchase Agreement (PPA). |
| The Entity with Which the Contract was Signed | “National Electric Grid of Uzbekistan”. |
| Date of Signing the Contract | 2024-03-28 Corresponding to 1445-09-18 |
| Contract Value | SAR 985.13 million (USD 262.7 million). |
| Contract Details | Build, Own, Operate and Transfer at end of PPA term of 25 years. |
| Contract Duration | 25 years. |
| Financial Impact and the Relevant Period | The financial impact of the operation is expected to be reflected after H1, 2026. |
| Related Parties | NA |
| Additional Information | This project is in the development stage and total investment value may change when it reaches financial close. |
