ACWA Power Company

07/03/2024 | Press release | Distributed by Public on 07/03/2024 07:48

CEO of ACWA Power Hosts United Nations Secretary General and Dignitaries at Tashkent Riverside project site

03
July
2024
|
15:47
Europe/Amsterdam

CEO of ACWA Power Hosts United Nations Secretary General and Dignitaries at Tashkent Riverside project site

Summary

· The visit by His Excellency António Guterres further highlights ACWA Power's role as a global leader in driving innovation and sustainability in the energy sector.

Tashkent, Uzbekistan; 03 July 2024: ACWA Power was honoured to host His Excellency António Guterres, Secretary General of the United Nations, along with His Excellency Jurabek Mirzamahmudov, Minister of Energy of Uzbekistan, and His Excellency Yousef Saleh Algahrah Al-Otaibi, Saudi Arabian Ambassador, at the Tashkent Riverside project site recently. The tour involved the distinguished guests visiting the 200 MW PV installation and 500 MWh battery energy storage (BESS) facility located at Tashkent Riverside.

During the visit, the delegates were provided with insights into the innovative technologies and sustainable energy solutions implemented at the Tashkent Riverside facility.

This greenfield development incorporates solar and BESS components to stabilize the Uzbek power grid, which, until now, has relied on energy from conventional sources. According to project proponents, this will be the largest BESS in Central Asia.

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"We were honoured to host H.E. António Guterres, Secretary General of the United Nations, H.E. Jurabek Mirzamahmudov,Minister of Energy of Uzbekistan and H.E. Yousef Saleh Algahrah Al-Otaibi,the Saudi Ambassador to Uzbekistan, at our Tashkent Riverside plant."

Marco Arcelli, Chief Executive Officer of ACWA Power
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"This landmark project sets a precedent for renewable energy initiatives in Uzbekistan and Central Asia. By harnessing solar power and innovative battery storage technology, we are contributing to the country's transition towards a more sustainable and resilient future." He added.

Saudi-listed ACWA Power has announced the completion of the dry financial close for the US$533 million Tashkent Riverside project in Uzbekistan, near the country's capital city of Tashkent.

The project will play an instrumental role in achieving Uzbekistan's ambitious targets to transition to a low-carbon economy, as well as diversify its energy sources. By 2030, Uzbekistan is aiming to install 25 GW of renewables and generate 40% of its electricity from renewables.