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BAKU, Azerbaijan, March 4. ACWA Energy from
Saudi Arabia has expressed its intention to draw mortgage funds from
the European Financial institution for Reconstruction and Growth (EBRD) to
implement a renewable power challenge within the Tashkent area of
Uzbekistan, Development
studies.
ACWA Energy’s plans embrace the development of a solar energy
plant with a capability of 200 MW and power storage programs with a
capability of 500 MWh. The overall value of the challenge is estimated at
$546.33 million.
To implement this challenge, ACWA Energy intends to draw a mortgage
of $140 million by the ACWA Energy Riverside Photo voltaic firm,
created in Uzbekistan particularly for this goal.
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