Qatar-based Nebras Power Investment Management, a wholly-owned subsidiary of Nebras Power, has entered into a long-term Power Purchase Agreement (PPA) in Uzbekistan to construct and operate the 1600 megawatt (MW) Syrdarya II Combined Cycle Gas Thermal (CCGT) power plant in the central region of the country.
The power purchase agreement was formalized at the 2022 Tashkent International Investment Forum and signed in the presence of Uzbek government officials and members of Nebras Power’s senior management team.
Syrdarya II is contracted to provide power to the National Power Grid of Uzbekistan as part of a 25-year off-take agreement. It will be one of the nation’s largest power generating facilities upon completion and will be instrumental in helping the country meet its growing energy demands from both industry and residential sectors.
Khalid Mohammed Jolo CEO – Nebras
“We are proud to be awarded this opportunity to develop and manage a large-scale Combined Cycle Gas Thermal (CCGT) power plant in Uzbekistan. Moreover, Nebras promises to deliver significant technical and project expertise to support and strengthen the country’s power industry.”
In its first foray into Uzbekistan’s power sector, Nebras Power has partnered with an international consortium of companies, including French company Electricite de France (EDF) and Japanese-based Sojitz Corporation and Kyuden Group. The alliance submitted the winning tender to build and manage the 1600 MW power facility in the region of Syrdarya, south of the capital city of Tashkent.
Enersok, a newly formed project company, will construct and manage Syrdarya II. As part of the sales purchase agreement, Nebras will control 33.3 percent of Enersok, while the remaining shares will be divided amongst EDF, Sojitz and Kyuden.
In 2021, Nebras acquired six solar projects in Ukraine. It also entered into a long-term strategic partnership arrangement to identify, develop and invest in greenfield and brownfield energy projects in Ukraine.
Nebras Power is a joint venture in which Qatar Electricity and Water Company (QEWC) hold 60 percent and Qatar Holding holds 40 percent. It is a strategic investor in the power and water sectors with a global vision.
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