Saudi Press

Saudi Arabia and the world
Monday, Oct 06, 2025

TAQA to invest over $3bn in Uzbekistan’s power sector

TAQA to invest over $3bn in Uzbekistan’s power sector

Uzbekistan’s power sector is set to receive a major boost after the UAE-based utilities firm Abu Dhabi National Energy Co. announced plans to invest over $3 billion in new and existing power plants.
Also known as TAQA, the Abu Dhabi Stock Exchange-listed company has signed a strategic partnership with the Uzbek government to explore projects and investment opportunities within the Central Asian country’s energy sector, the company said in a press release.

The strategic collaboration includes proposals for a greenfield-combined cycle power plant with a capacity of 1.5 gigawatts. The new project is set to be developed adjacent to the existing Talimarjan power complex where TAQA is already working on two gas-fired power plants.

Under this new partnership, TAQA expects to be responsible for all the work related to plant design, financing, engineering, and procurement.

The firm is also anticipated to be held accountable for outsourcing, testing, ownership, and operation.

TAQA also sealed agreements with a number of existing power plants and other new gas-fired plants with a total capacity of more than 3 GW.

“By working together, we can accelerate the sustainable development of the electricity sector in the country as well as strengthen the bonds of the strong relationship between our two countries,” said Group CEO and Managing Director at TAQA Jasim Husain Thabet.

The gas firm also secured deals regarding electricity transmission and distribution infrastructure in the country.

“This new partnership and the proposed projects build on the cooperation opportunities that exist today between the Republic of Uzbekistan and the UAE as well as our common vision to support the energy sector and invest in sustainable and reliable energy services,” Deputy Minister of Investments and Foreign Trade for Uzbekistan Shukhrat Vafaev said in a statement.

These agreements come after Saudi Arabia’s ACWA Power earlier this month inked deals valued at over $120 million for energy projects in Uzbekistan, in what was a further strengthening of bilateral energy relations between the Kingdom and the country.

In April, ACWA Power announced it will develop two wind power plants in Uzbekistan financed by loans of $174 million from the Asian Development Bank.

This deal followed agreements worth $2.5 billion signed with the National Electric Grid of Uzbekistan to develop three solar photovoltaic projects in the Tashkent, Bukhara, and Samarkand regions of the country.
Newsletter

Related Articles

Saudi Press
0:00
0:00
Close
Syria Holds First Elections Since Fall of Assad
Altman Says GPT-5 Already Outpaces Him, Warns AI Could Automate 40% of Work
Trump Organization Teams with Saudi Developer on $1 Billion Trump Plaza in Jeddah
Electronic Arts to Be Taken Private in Historic $55 Billion Buyout
Colombian President Petro Vows to Mobilize Volunteers for Gaza and Joins List of Fighters
Nvidia and Abu Dhabi’s TII Launch First AI-&-Robotics Lab in the Middle East
UK, Canada, and Australia Officially Recognise Palestine in Historic Shift
New Eye Drops Show Promise in Replacing Reading Glasses for Presbyopia
Dubai Property Boom Shows Strain as Flippers Get Buyer’s Remorse
Top AI Researchers Are Heading Back to China as U.S. Struggles to Keep Pace
JWST Data Brings TRAPPIST-1e Closer to Earth-Like Habitability
UAE-US Stargate Project Poised to Make Abu Dhabi a Global AI Powerhouse
Trump and Starmer Clash Over UK Recognition of Palestinian State Amid State Visit
Saudi Arabia cracks down on music ‘lounges’ after conservative backlash
Saudi Arabia Signs ‘Strategic Mutual Defence’ Pact with Pakistan, Marking First Arab State to Gain Indirect Access to Nuclear Strike Capabilities in the Region
Sam Altman sells the 'Wedding Estate' in Hawaii for 49 million dollars
Turkish car manufacturer Togg Enters German Market with 5-Star Electric Sedan and SUV to Challenge European EV Brands
World’s Longest Direct Flight China Eastern to Launch 29-Hour Shanghai–Buenos Aires Direct Flight via Auckland in December
New OpenAI Study Finds Majority of ChatGPT Use Is Personal, Not Professional
Kuwait opens bidding for construction of three cities to ease housing crunch.
This Week in AI: Meta’s Superintelligence Push, xAI’s Ten Billion-Dollar Raise, Genesis AI’s Robotics Ambitions, Microsoft Restructuring, Amazon’s Million-Robot Milestone, and Google’s AlphaGenome Update
Indian Student Engineers Propose “Project REBIRTH” to Protect Aircraft from Crashes Using AI, Airbags and Smart Materials
Could AI Nursing Robots Help Healthcare Staffing Shortages?
Turkish authorities seize leading broadcaster amid fraud and tax investigation
Qatari prime minister says Netanyahu ‘killed any hope’ for Israeli hostages
Apple Introduces Ultra-Thin iPhone Air, Enhanced 17 Series and New Health-Focused Wearables
Big Oil Slashes Jobs and Investments Amid Prolonged Low Crude Prices
Social Media Access Curtailed in Turkey After CHP Calls for Rallies Following Police Blockade of Istanbul Headquarters
Did the Houthis disrupt the internet in the Middle East? Submarine cables cut in the Red Sea
Gold Could Reach Nearly $5,000 if Fed Independence Is Undermined, Goldman Sachs Warns
Uruguay, Colombia and Paraguay Secure Places at 2026 World Cup
Trump Administration Advances Plans to Rebrand Pentagon as Department of War Instead of the Fake Term Department of Defense
Tether Expands into Gold Sector with Profit-Driven Diversification
Trump’s New War – and the ‘Drug Tyrant’ Fearing Invasion: ‘1,200 Missiles Aimed at Us’
At the Parade in China: Laser Weapons, 'Eagle Strike,' and a Missile Capable of 'Striking Anywhere in the World'
Information Warfare in the Age of AI: How Language Models Become Targets and Tools
Israeli Airstrike in Yemen Kills Houthi Prime Minister
After the Shock of Defeat, Iranians Yearn for Change
YouTube Altered Content by Artificial Intelligence – Without Permission
Iran Faces Escalating Water Crisis as Protests Spread
More Than Half a Million Evacuated as Typhoon Kajiki Heads for Vietnam
HSBC Switzerland Ends Relationships with Over 1,000 Clients from Saudi Arabia, Lebanon, Qatar, and Egypt
Sharia Law Made Legally Binding in Austria Despite Warnings Over 'Incompatible' Values
Dogfights in the Skies: Airbus on Track to Overtake Boeing and Claim Aviation Supremacy
Tim Cook Promises an AI Revolution at Apple: "One of the Most Significant Technologies of Our Generation"
Are AI Data Centres the Infrastructure of the Future or the Next Crisis?
Miles Worth Billions: How Airlines Generate Huge Profits
Zelenskyy Returns to White House Flanked by European Allies as Trump Pressures Land-Swap Deal with Putin
Beijing is moving into gold and other assets, diversifying away from the dollar
Cristiano Ronaldo Makes Surprise Stop at New Hong Kong Museum
×