TAQA To Venture Over $3 Billion In Uzbekistan's Power


Together with the Uzbek government, Abu Dhabi National Energy Company (TAQA) will look into potential investment prospects in the $3 billion+ power sector of the nation.

These involve building new power plants, updating old ones, and creating related power infrastructure.

The proposed design for a 1.5 GW greenfield combined cycle power station is covered by the implementation agreement. The new undertaking will be built next to the current Talimarjan power complex, where TAQA has already declared ambitions to engage in the privatisation of two gas-fired power stations.

The partnership is anticipated to include TAQA's ownership and operation of the power plant, as well as its design, financing, engineering, procurement, commissioning, and testing.

The agreement will also look at opportunities to invest in current and future greenfield gas-fired power generation plants with a combined capacity of more than 3GW, as well as developing electricity transmission and distribution infrastructure in Uzbekistan. This is another significant milestone in TAQA's international growth strategy.

First Deputy Minister of Energy of Uzbekistan Azim Akhmedkhadjaev, Deputy Minister of Investment of Uzbekistan Sarvar Khamidov, and Group Chief Executive Officer and Managing Director of TAQA Jasim Husain Thabet all signed the contract.

Thabet commented: “TAQA welcomes the opportunity to leverage its extensive global expertise as part of our collaboration with the Government of Uzbekistan. Working together we can accelerate the sustainable development of the country’s power sector and build on the strong relationship between our two countries.

“Working closely with the country’s leading ministerial agencies will allow us to expand our international portfolio, strengthening our position as a global utilities leader.”

In addition to bringing best practises from around the world for infrastructure development and operation in transmission and distribution, the company will assist the Uzbekistan Government's reforming efforts.

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