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Acwa and KOWEPO Partner for Renewable Energy in Uzbekistan
Acwa and Korea Western Power Co., Ltd. (KOWEPO) enter into an MoU to explore renewable energy, energy storage, and related infrastructure projects in Uzbekistan.
www.acwapower.com
Saudi-listed energy transition leader Acwa has signed a Memorandum of Understanding (MoU) with South Korea’s Korea Western Power Co., Ltd. (KOWEPO) to evaluate commercial and development opportunities across Uzbekistan’s renewable energy sector. The agreement establishes a bilateral framework to identify and advance clean energy generation, battery energy storage systems, and associated electrical infrastructure.
Context of the Cooperation
Central Asia, particularly Uzbekistan, is actively accelerating the expansion of its clean energy capacity, modernizing grid networks, and integrating private-sector investments to drive a nationwide energy transition. Developing large-scale utility power plants and energy storage infrastructure requires combining international project development experience, localized execution capabilities, and robust financing channels.
To address these market demands, cooperation was established between Acwa and KOWEPO during a formal signing ceremony in Tashkent attended by Abid Malik, President of Acwa Central Asia, and Lee Jung-bok, CEO of KOWEPO. The strategic partnership leverages Acwa’s established operational track record in developing utility-scale power assets in Uzbekistan alongside KOWEPO’s expanding business development footprint and regional government partnerships.
Technical Solution and Responsibilities
The cooperation agreement creates a joint framework to screen, evaluate, and develop clean energy infrastructure assets. Responsibilities and resources are coordinated across key operational and technical domains:
- Acwa contributes its local project execution infrastructure, operational track record in Central Asia, and technical expertise across wind, solar, green hydrogen, and utility-scale energy storage.
- KOWEPO provides engineering and project management capabilities in power generation, grid modernization expertise, and links to Korean financial and industrial institutions.
At a system level, the partners will evaluate projects spanning renewable power generation (such as solar photovoltaics and onshore wind), energy storage systems, and grid-connection infrastructure. The framework facilitates joint feasibility assessments, technology evaluations, and engagement with international and Korean financing institutions to support bankable, resilient energy assets.
Deployment or Implementation
The implementation strategy focuses on evaluating potential opportunities on a project-by-project basis across Uzbekistan. Each identified venture will undergo technical feasibility studies, regulatory reviews, and internal corporate approvals before progressing to definitive development agreements.
Through this structured, phased approach, Acwa and KOWEPO aim to strengthen their respective footprints in Uzbekistan’s energy market, expanding sustainable power generation and supporting long-term energy transition goals.
Edited by Romila DSilva, Induportals Editor, with AI assistance.
Deployment or Implementation
The implementation strategy focuses on evaluating potential opportunities on a project-by-project basis across Uzbekistan. Each identified venture will undergo technical feasibility studies, regulatory reviews, and internal corporate approvals before progressing to definitive development agreements.
Through this structured, phased approach, Acwa and KOWEPO aim to strengthen their respective footprints in Uzbekistan’s energy market, expanding sustainable power generation and supporting long-term energy transition goals.
Edited by Romila DSilva, Induportals Editor, with AI assistance.
