The Abu Dhabi National Energy Company PJSC (TAQA) and the Government of Uzbekistan have formed a collaboration to explore investment opportunities in Uzbekistan's power sector, media reports.
Reports suggest that this initiative may involve investment in new and existing power plants and relevant power infrastructure, estimated to be worth over $3bn in total.
One potential investment is constructing a new combined cycle power plant with a capacity of 1.5 GW. There are also investment opportunities in existing and future gas-fired power generation plants with a combined capacity of more than 3GW, including electricity transmission and distribution infrastructure.
This collaboration allows TAQA to support the government's efforts to reform its power sector.
TAQA's joint venture company, Masdar, has also inked a joint development agreement with Uzbekistan's Ministry of Energy and Ministry of Investments, Industry, and Trade to develop solar and wind projects of over 2GW and 500MWh of battery energy storage at several locations throughout the country.
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