03 | THE RESULTS – DELIVERY BY SECTORS
ABDULHAMID ALKHALIFA OPEC Fund President
Increasing private sector participation is key to supporting Uzbekistan’s ambi- tious energy transition. We are happy to cooperate with the authorities as well as with our development and private sector partners on energy sector projects that will boost the share of renewables in en- ergy generation and provide reliable and affordable clean energy.
EXCELLENCE IS EVER EVOLVING TO ACHIEVE DEVELOPMENT EFFECTIVENESS
SOUMENDRA ROUT Country Chief Financial Officer, Uzbekistan, ACWA Power
OUR CORE VALUES
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ACWA Power has set ambitious targets of CO 2 emission reductions through re- newable energy solutions and accordingly has clear alignment with Uzbekistan’s Strategic Framework targets to achieve a greater than 25 percent share of renewa- ble energy in total electricity generation by 2030. Bash and Dzhankeldy Wind Independent Power Producers started construction in 2023 and the OPEC Fund cooperated with ACWA Power by partici- pating in senior financing of these signifi- cant large-scale projects totaling 1 GW. 2x US$20 MN OPEC Fund loans 2x 500 MW Renewable energy generation
Guided by the OPEC Fund’s core value of EXCELLENCE, we are supporting the Uzbekistan’s transition to renewable electric power. This is securing electricity for local communities, creating jobs and reducing the urban drift. With the contribution of the OPEC Fund, Uzbekistan is diminishing its carbon foot- print and ensuring cleaner air for its people and future generations.
EXCELLENCE
INNOVATION
INTEGRITY
Uzbekistan Renewable Energy with ACWA
COMMUNITY
EMPOWERMENT
1.8 BN tonnes Overall CO 2 reductions
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(Source: Government of Uzbekistan)
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