Doha: Nebras Power Investment Management B.V. (NPIM), a wholly owned subsidiary of Nebras Power QPSC, has successfully entered into a long-term Power Purchase Agreement (PPA) in Uzbekistan to construct and operate the 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 with Uzbek government officials and members of Nebras Power’s senior management team in attendance for the signing ceremony.
Remarking on the announcement of Nebras entering into a long-term power agreement in a vibrant new market, Nebras Power’s Chairman Mohammed Nasser Al-Hajri said: “Our overarching goal has always been to broaden and enrich our global asset portfolio. With our expansion into Uzbekistan, we have not only again effectively advanced this mission, but we are additionally endowing communities and cities throughout the country with access to a dedicated and clean source of energy.”
Nebras’s CEO Khalid Mohammed Jolo also expressed his excitement on the company becoming a major energy player in the Central Asian country: “We are proud to be awarded with this opportunity to develop and manage a large-scale power project in Uzbekistan. Moreover, Nebras promises to deliver significant technical and project expertise to support and strengthen the country’s power industry.”
For their inaugural foray into Uzbekistan, Nebras Power partnered with an international consortium of power companies, including French company EDF (Électricité de France) and Japanese-based Sojitz Corporation and Kyuden Group.
The project has not yet broken ground, but construction is expected to begin by the end of this year and completion is projected by the end of 2025 or early 2026.
