ACWA to Invest Up to US$20 Billion in Uzbekistan Energy

Tashkent, Uzbekistan (UzDaily.com) — Uzbekistan is implementing a comprehensive approach to decarbonization and the development of green energy by combining multiple technological solutions, according to John Zaidi, Head of ACWA’s office in Uzbekistan.

He said that a sustainable energy transition cannot be achieved through a single technology alone, stressing the need to combine solar and wind generation with the development of green energy solutions and hydrogen technologies.

Zaidi also announced the launch of a pilot project on green hydrogen production in Uzbekistan. He noted that the technology could play an important role in reducing the carbon footprint in the mining sector, chemical industry, and fertilizer production.

The ACWA representative further highlighted the scale of the company’s investments in the country. He said ACWA’s investment portfolio in Uzbekistan is estimated at between US$15 billion and US$20 billion, making the country its second-largest market.

As part of ongoing projects, the company is also constructing around 2,000 kilometers of transmission lines designed to transport electricity generated from renewable sources. This infrastructure is intended to integrate new capacity into the national power system.

Zaidi emphasized that ACWA views Uzbekistan as a long-term strategic partner for 25 years and beyond, reflecting strong confidence in the country’s energy market and its development potential.