Urja Daily
No Result
View All Result
  • News
  • Renewable
    • Solar
    • Rooftop
    • Floating Solar
    • Module
    • Wind
    • Hydrogen
    • Biomass
    • Tenders
    • Sustainibility
  • Storage
  • E-Mobility
  • EV Battery
  • Smart City
  • Power
    • Smart Grid
    • Microgrid
    • Off-Grid
  • Editor’s Pick
    • Articles
    • In Talks
    • E-MAG
    • Market Research
  • On-demand Webinars
  • More
    • Events
    • Contact Us
    • Subscribe
  • News
  • Renewable
    • Solar
    • Rooftop
    • Floating Solar
    • Module
    • Wind
    • Hydrogen
    • Biomass
    • Tenders
    • Sustainibility
  • Storage
  • E-Mobility
  • EV Battery
  • Smart City
  • Power
    • Smart Grid
    • Microgrid
    • Off-Grid
  • Editor’s Pick
    • Articles
    • In Talks
    • E-MAG
    • Market Research
  • On-demand Webinars
  • More
    • Events
    • Contact Us
    • Subscribe
No Result
View All Result
Urja Daily
No Result
View All Result
Home Power

China Southern Power Grid to Co-Invest in ACWA Power’s Central Asia Project

editor by editor
July 22, 2024
in Power
Reading Time: 2 mins read
0
China Southern Power
Share on FacebookShare on TwitterShare on Linkedin

Tashkent, Uzbekistan : Saudi-listed ACWA Power, announced the completion of a Sale and Purchase Agreement(s) to sell 35% of its shareholding in ACWA Power Bash Wind Project Holding Company Limited and ACWA Power Uzbekistan Wind Project Holding Company limited to China Southern Power Grid International (HK) Co. Ltd (CSGIHK), the global investment and development arm of China Southern Power Grid (CSG).

Following the successful completion of the conditions precedent, a closing ceremony was held in Tashkent to mark the transaction’s completion. The ceremony was attended by Jurabek Mirzamakhmudov, Minister of Energy of Uzbekistan; Umid Mamadaminov, Deputy Minister of Energy of Uzbekistan; Hamud Turki Almutairi, Deputy Saudi Ambassador to Uzbekistan; Abdullajon Otaboev, Deputy Director of Energy Market Development and Regulatory Agency; Marco Arcelli, Chief Executive Officer of ACWA Power; Tang Yifeng, Vice President of CSG.

RELATED POSTS

Portugal Explores Electricity Interconnection with Morocco to Enhance Grid Security

Portugal Explores Electricity Interconnection with Morocco

The transaction represents the first co-investment transaction between ACWA Power and China Southern Power Grid, for a large-scale renewable energy project in Central Asia. This milestone follows framework agreements signed in December 2022 between ACWA Power and Chinese companies, that lay the ground for financing, investment and construction of ACWA Power’s global clean and renewable energy projects in Saudi Arabia and Belt and Road Initiative countries.

Marco Arcelli, Chief Executive Officer of ACWA Power, expressed his enthusiasm about the collaboration with China Southern Power Grid International, emphasising the importance of international cooperation in delivering sustainable solutions.

“Through strategic collaboration with China Southern Power Grid International, we are proud to announce a significant milestone in our journey towards sustainable energy solutions. The agreement in relation to our Bash and Dzhankeldy wind projects in Uzbekistan not only enhances ACWA Power’s global presence but also strengthens ties between two industry leaders from different regions. This historic partnership underlines our commitment to driving innovation and progress in the renewable energy sector.”

Commenting on the announcement, TANG Yifeng, Vice President of China Southern Power Grid Co., Ltd (CSG) said: “By leveraging synergies, we can strengthen our strategic partnership and work towards developing a serial of benchmark projects and contribute to the implementation of the Uzbekistan-2030 Strategy.”

The ACWA Power Bash Wind Project Holding Company Limited and ACWA Power Uzbekistan Wind Project Holding Company Limited holds 100% stake in ACWA Power Bash Wind LLC “Bash” and ACWA Power Dzhankeldy LLC “Dzhankeldy” respectively, representing a combined 1GW of capacity with over USD 1.3 billion investment cost.

Upon completion, the Bash and Dzhankeldy wind power plants are set to become some of Central Asia’s largest renewable energy projects. Uzbekistan is ACWA Power’s second-largest market in terms of investment cost, underscoring the company’s long-standing commitment to the country.

Tags: ACWA PowerpowerWind
ShareTweetShare
editor

editor

Related Posts

Portugal Electricity

Portugal Explores Electricity Interconnection with Morocco to Enhance Grid Security

by Palak
August 7, 2025
0

Portugal is considering an electricity interconnection with Morocco as part of a EUR 400 million initiative to strengthen the resilience...

Portugal

Portugal Explores Electricity Interconnection with Morocco

by Palak
August 6, 2025
0

Portugal is exploring the possibility of establishing an electricity interconnection with Morocco, as part of a EUR400 million plan to...

Gentari

Gentari Signs 80 MW Wind Power Purchase Agreement with AWS

by Palak
August 6, 2025
0

Gentari and Amazon Web Services (AWS) have inked a power purchase agreement (PPA) for a 80 MW wind power project...

NPCIL

NPCIL Commissions 1.7 MWp Solar Power Plant in Haryana

by Palak
August 4, 2025
0

Gorakhpur Haryana Anu Vidyut Pariyojana, which is a unit of Nuclear Power Corporation of India Limited (NPCIL), has commissioned a...

Yadadri Thermal Power Plant

Telangana Inaugurates Second Unit of Yadadri Thermal Power Plant

by Palak
August 4, 2025
0

The Telangana government has inaugurated the 800 MW unit 1 of the Yadadri thermal power station and commissioned the second...

Next Post
Chandan Goswami, CFO JGPL

Jakson Green Secures INR 2.96 Billion Loan for Expansion

Sterling and Wilson Renewable Energy

Sterling and Wilson Renewable Energy Records Rs 48.3 Million Profit in Q1 2024-25

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED

VinFast

VinFast EV Plant Anchors Tamil Nadu’s Fourth Auto Cluster

August 18, 2025
ITM Power

ITM Power Signs Agreement for Hydrogen Project in the UK

August 18, 2025

MOST VIEWED

  • Hydrom

    Hydrom and Thyssenkrupp Nucera Partner for Green Hydrogen Projects in Oman

    0 shares
    Share 0 Tweet 0
  • SFC India Selected Dassault Systèmes for Indigenization and Digital Transformation of Wastewater Treatment Plants

    0 shares
    Share 0 Tweet 0
  • Juniper Green Energy Secures 1 GW Solar Module Deal with First Solar

    0 shares
    Share 0 Tweet 0
  • PGCIL Wins ISTS Project for Renewable Energy Integration in Karnataka

    0 shares
    Share 0 Tweet 0

VinFast EV Plant Anchors Tamil Nadu’s Fourth Auto Cluster

ITM Power Signs Agreement for Hydrogen Project in the UK

SWERL Wins EPC Contract from NTPC REL for 245 MW Solar Project

EV Adhesives Market Enabling Safer, Faster, and Smarter Electric Mobility

Offshore Wind Turbine Efficiency Market Projected to Hit $18.7 Billion by 2033

Innovations Driving Growth in the Fire Pump Market

Latest Magazine

© 2016 – 2025 TechZone Print Media | All Rights Reserved

  • About Us
  • Contact Us
No Result
View All Result
  • News
  • Renewable
    • Solar
    • Rooftop
    • Floating Solar
    • Module
    • Wind
    • Hydrogen
    • Biomass
    • Tenders
    • Sustainibility
  • Storage
  • E-Mobility
  • EV Battery
  • Smart City
  • Power
    • Smart Grid
    • Microgrid
    • Off-Grid
  • Editor’s Pick
    • Articles
    • In Talks
    • E-MAG
    • Market Research
  • On-demand Webinars
  • More
    • Events
    • Contact Us
    • Subscribe

© 2016 - 2025 TechZone Print Media | All Rights Reserved