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Public utility Qatar Electrical energy and Water Firm’s three way partnership, Nebras Energy Funding Administration, has entered right into a long-term Energy Buy Settlement (PPA) in Uzbekistan to construct and function the 1600 MW Syrdarya II Mixed Cycle Fuel Thermal (CCGT) energy plant within the central area of the nation.
Syrdarya II is contracted to offer energy to the nationwide energy grid of Uzbekistan as a part of a 25-year off-take settlement, Qatar Electrical energy stated in an announcement on the Qatar bourse on Tuesday.
As soon as accomplished, will probably be one of many nation’s largest energy producing amenities, it added.
Nebras, a strategic investor within the energy and water sectors, is a three way partnership wherein QEWC holds a 60 p.c stake whereas Qatar Holding has 40 p.c.
In its first foray into Uzbekistan’s energy sector, Nebras Energy has partnered with a world consortium of firms, together with French firm EDF (Électricité de France) and Japanese-based Sojitz Company and Kyuden Group. The alliance submitted the successful tender to construct and handle the 1600 MW energy facility within the area of Syrdarya, south of the capital metropolis of Tashkent.
Enersok, a newly shaped undertaking firm, will assemble and handle Syrdarya II. As a part of the gross sales buy settlement, Nebras will management 33.3 p.c of Enersok, whereas the remaining shares will probably be divided amongst EDF, Sojitz and Kyuden.
In 2021, Nebras acquired six photo voltaic initiatives in Ukraine. It additionally entered right into a long-term strategic partnership association to establish, develop and put money into greenfield and brownfield power initiatives in Ukraine.
(Reporting by Brinda Darasha; modifying by Seban Scaria)
brinda.darasha@lseg.com
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