{"url":"https://newsforagent.com/news/2026-10-19/acwa-power-uzbekistan-3-billion-deals","markdown_url":"https://newsforagent.com/news/2026-10-19/acwa-power-uzbekistan-3-billion-deals.md","title":"ACWA Power Plans $3 Billion Uzbekistan Energy Deals in 2027","headline":"ACWA Power to Sign $3 Billion in New Uzbekistan Energy Agreements in 2027","description":"ACWA Power plans to conclude $3 billion in new Uzbekistan energy agreements in 2027, including a 1 GW Karakalpakstan project costing about $2 billion.","section":"Expansion","published_at":"2026-10-19T11:22:18+00:00","modified_at":"2026-10-19T11:22:18+00:00","author":"News Desk","key_takeaways":["ACWA Power plans to conclude agreements on new Uzbekistan energy projects worth $3 billion in 2027.","A new Karakalpakstan project provides round-the-clock electricity supply with 1 GW of capacity at a cost of about $2 billion.","ACWA Power has operated in Uzbekistan since 2019 and is implementing solar, wind and storage projects worth $4.2 billion with Sumitomo Corporation."],"companies":[{"name":"ACWA Power","is_primary":true,"profile_url":"https://akta.pro/company-profiles/00005ls/acwa-power","website":"https://www.acwapower.com"}],"source":{"publisher":"Interfax","title":"ACWA Power to conclude agreements on energy projects in Uzbekistan worth $3 bln in 2027","url":"https://interfax.com/newsroom/top-stories/119588/"},"other_sources":[],"tags":["Expansion","ACWA Power"],"body_markdown":"Saudi Arabia's [ACWA Power](https://akta.pro/company-profiles/00005ls/acwa-power) plans to conclude agreements on new energy projects in Uzbekistan worth a total of $3 billion in 2027, board chairman Mohammad Abunayyan said. [Interfax](https://interfax.com/newsroom/top-stories/119588/) reported the plan on October 19, citing an interview with the TV channel Uzbekistan 24 published by the country's Energy Ministry.\n\n## ACWA Power's Karakalpakstan Project and 2027 Agreements\n\nAbunayyan said the company signed an agreement on a new project in Karakalpakstan providing for round-the-clock electricity supply with a capacity of 1 GW. Its cost is about $2 billion, he said.\n\n\"We have planned agreements for another $3 billion for next year,\" Abunayyan said in the interview, which followed a meeting between Uzbek President Shavkat Mirziyoyev and investors in the fuel and energy sector.\n\nAbunayyan said the implementation of these projects will contribute to the introduction of advanced technologies, the development of local production and the attraction of young people to work in the energy sector. He said the policy pursued by President Mirziyoyev aimed at supporting and developing the energy sector was an important factor for ACWA Power in deciding to cooperate with Uzbekistan.\n\nACWA Power has been operating in Uzbekistan since 2019 and implements projects in the field of conventional and renewable energy. The company commissioned a 1.5 GW combined-cycle gas turbine power plant in the Syrdarya region, as well as the Bash and Jankeldy wind power plants in the Bukhara region with a total capacity of 1 GW. ACWA Power is also implementing solar and wind energy projects and energy storage systems worth a total of $4.2 billion together with Japan's Sumitomo Corporation.\n\n## ACWA Power's Scale Across 15 Countries\n\nACWA Power is a Saudi-listed developer, investor and operator of utility-scale power, water desalination and green hydrogen infrastructure across 15 countries, according to akta.pro [company records](https://akta.pro/company-data). Its 110-asset portfolio delivers 98.0 GW of capacity and 9.8 million m³/day of desalinated water under long-term sovereign-backed PPAs and WPAs, with assets under management of 124.4 billion USD.\n\nThe company was founded in 2004 and is headquartered in Riyadh, with a revenue estimate of $1 billion-$5 billion and a valuation estimate of $25 billion+. Its leadership includes chief executive officer Dr. Samir J. Serhan and founder and chairman Mohammad Abunayyan.\n\n## Earlier Uzbekistan Meetings and Construction\n\nOn October 15, Tashkent region governor Zoyir Mirzayev met ACWA Power chairman Mohammad Abunayyan to discuss expanding investment cooperation in industry, energy and infrastructure, Trend reported. Uzbekistan and ACWA Power also met in Tashkent on October 15 to explore simplifying visas, expanding direct flights and adding seasonal charters, according to Trend.\n\nEarlier in October, ACWA Power began construction of three 1.5GW wind plants in Uzbekistan's Karakalpakstan region as part of a $3.06 billion renewable project, Trend reported. The project includes a 300MW battery storage system and transmission lines, with commissioning planned for Q1 2027.\n\n## Uzbekistan's 2028 Power Line Completion\n\nUzbekistan plans to complete a 350 km double-circuit 500 kV power line from Samarkand to Tashkent in Q1 2028 under an ACWA project, Interfax reported. The line will integrate a 1,000 MW solar plant and 1,336 MWh storage, with a 150 km 220 kV line 50% complete.\n","publisher":{"name":"News for Agent","url":"https://newsforagent.com"}}