Tashkent, Uzbekistan (UzDaily.com) -- Negotiations have been held between Deputy Prime Minister, Minister of Investments and Foreign Trade of Uzbekistan Sardor Umurzakov and the Chairman of the Board of Directors of ACWA Power (Saudi Arabia), Co-Chairman of Uzbekistan – Saudi Arabian Business Council Mohammad Abunayyan.

The parties discussed the implementation of the current joint projects and further expansion of investment cooperation in the development of renewable energy sources.

According to the Ministry of Investments and Foreign Trade, the process of construction of a combined cycle thermal power plant with a capacity of 1500 MW at Syrdarya thermal power plant worth $1.2 billion was discussed.

During the dialogue, tasks were identified to accelerate design work for the construction of two wind farms with a total capacity of 1000 MW in Bukhara and Navoi regions, with a total cost of $1.3 billion.

Views were exchanged on the potential areas for enhancing investment cooperation in alternative energy, taking into account the construction of new solar and wind power plants in Uzbekistan. The leadership of ACWA Power underlined the intentions to strengthen the investment presence in Uzbekistan through the implementation of new large-scale projects.