Saudi and Emirati companies are to invest $7 billion in the construction of two windfarms in the Kungrad district of Uzbekistan’s autonomous Karakalpakstan republic.
The announcement followed the signing of two contracts during the third Tashkent Investment Forum. The commission of the facilities will save almost 7 billion cubic meters of natural gas and prevent the emission of more than 2 billion tons of harmful gases into the atmosphere.
Welcoming the initiative, the Uzbek Energy Ministry said, “Saudi company ACWA Power is implementing a megaproject to build a wind farm with a total capacity of 5 gigawatts in the Kungrad district of Karakalpakstan. The project is estimated at $6.2 billion. The station will generate 17.5 billion kilowatt-hours of electricity per year. A wind power plant with a total capacity of 1 gigawatt and a cost of $1.1 billion will be built in the same area by Amea Power from the UAE. It will generate 3.5 billion kilowatt-hours of electricity a year,” .
During the third Tashkent International Investment Forum, agreements signed by several government and private-sector counterparties, totalled $26.6 billion .
