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ACWA POWER Company announces the signing of a PPA with “National Electric Grid of Uzbekistan” (NEGU).
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ACWA POWER
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1445/10/23 02/05/2024 15:59:02
| Element List | Explanation |
|---|---|
| Introduction | ACWA POWER Company announces the signing of a Power Purchase Agreement (PPA) that falls under the Investment law in Uzbekistan with the “National Electric Grid of Uzbekistan” for Aral 5GW wind power project to be set up in the Republic of Uzbekistan. |
| Date of Announcement of the Award | 2024-05-02 Corresponding to 1445-10-23 |
| Contract Subject Matter | Power Purchase Agreement (PPA). |
| The Entity with Which the Contract was Signed | National Electric Grid of Uzbekistan. |
| Date of Signing the Contract | 2024-05-02 Corresponding to 1445-10-23 |
| Contract Value | Estimated SAR 18.2 billion. |
| Contract Details | Build, Own, Operate and Transfer at the end of PPA term of 25 years. |
| Contract Duration | 25 years. |
| Financial Impact and the Relevant Period | Financial impact to be disclosed at the time of the financial close of the first phase of the project, which will be announced in due time. |
| Related Parties | NA |
| Additional Information | This project is in the development stage and total investment value (contract value) may change when it reaches financial close. |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
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Last Price 459.6
Net Change 26.8 (+6.19%)
Value Traded (Sar) 356,830,749.2
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