BAKU, Azerbaijan, June 17. Uzbek Energy
Minister met with Chairman of Saudi Arabia’s ACWA Power to review
ongoing energy cooperation and discuss new investment projects.
This was reflected in a statement by the Ministry of Energy of
Uzbekistan, on the sidelines of the fifth Tashkent International
Investment Forum, following the meeting between Uzbek Energy
Minister Jurabek Mirzamakhmudov and Mohammed Abunayyan, Chairman of
Saudi Arabia’s ACWA Power.
The talks focused on the current status of ACWA Power’s project
portfolio in Uzbekistan, which exceeds $12 billion, as well as the
development of technical, economic and financial parameters for new
energy initiatives.
"Muhammad Abunayyan emphasized the importance of accelerating
the implementation of renewable energy projects in order to
strengthen energy security and diversify energy sources. At the
conclusion of the meeting, special thanks were expressed for the
resolution of land issues in the Nurabad District of the Samarkand
Region." the statement said.
The two sides also agreed to further expand cooperation with
Uzbekistan’s National Dispatch Center, including project financing,
acceleration of construction works and management of power plants
already put into operation.
The meeting underscores ACWA Power’s position as one of the
largest foreign investors in Uzbekistan’s energy sector. With a
portfolio exceeding $12 billion, the company has become a key
partner in supporting the country’s large-scale infrastructure
expansion and energy modernization agenda.
The focus on accelerating construction and improving
coordination with the National Dispatch Center highlights a shift
toward implementation efficiency, as Uzbekistan seeks to bring
major energy projects into operation on schedule and improve system
integration.
