Abu Dhabi National Energy Company (TAQA) has announced that it has entered into an agreement with the government of Uzbekistan to undertake the development of a 1.5-gigawatt (GW) greenfield combined cycle power plant.
In a statement issued, TAQA said, these opportunities include new and existing power plants as well as associated power infrastructure and collectively could be worth more than $3 billion.
The facility will be located adjacent to the Talimarjan power complex, where TAQA is currently involved in the privatisation of two gas-fired power plants.
The new partnership is expected to cover the design, financing, engineering, procurement, commissioning, testing, ownership and operation of the power plant by TAQA.
The utility, listed on the Abu Dhabi Securities Exchange (ADX), will assume responsibility for the design, construction, financing, operation, and maintenance of the power plant.
The agreements are also looking at opportunities to invest in existing and further greenfield gas-fired power generation plants with a combined capacity of more than 3GW along with electricity transmission and distribution infrastructure in Uzbekistan.
Commenting on the development Uzbekistan’s Deputy Minister of Investment, Industry and Trade, Sarvar Khamidov, said, “The Uzbekistan Government is pleased to collaborate with our partners TAQA once again on these important power and infrastructure projects.”
Agreeing with him, Jasim Husain Thabet, TAQA’s Group Chief Executive Officer and Managing Director, 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.”