ACWA Power confirms intention to bid in 500-MW solar tender in Uzbekistan

Image by ACWA Power (www.acwapower.com)

August 16 (Renewables Now) - Saudi Arabia’s ACWA Power Co (TADAWUL:2082) confirmed last week that it is preparing a bid as part of a tender for a solar project in Uzbekistan with a planned capacity of half a gigawatt.

ACWA Power is currently in the process of bid preparation and submission for the competitive process for a 500-MW photovoltaic (PV) independent power producer (IPP) project in Uzbekistan, the company’s head says in its first-half investor report.

“Following a slow start to the year by virtue of unexpected global geopolitical and economic disturbances, I am glad to see acceleration in the bidding space,” vice chairman and CEO Paddy Padmanathan states.

Last month, the Ministry of Energy and National Grid of Uzbekistan JSC unveiled the names of 11 pre-qualified bidders eligible to proceed in the 500-MW solar tender and take part in the Request for Proposal (RFP) stage. ACWA Power was among the shortlisted names.

Submissions under the RFP will be accepted by October 10, 2022.

ACWA Power’s financial report also mentions that three wind projects in Uzbekistan – Bash (500 MW), Dzhankeldy (500 MW) and Nukus (100 MW) – and a 240-MW wind scheme in Azerbaijan, have been affected by the continuing war in Ukraine, the high-cost environment and supply chain constrictions. No further details were given on that matter.

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