ACWA Power kicks off construction of Uzbek green hydrogen plant

ACWA Power Co (TADAWUL:2082) has launched construction works on the initial phase of a green hydrogen plant in the Tashkent region of Uzbekistan, a project realised in partnership with local chemicals company Uzkimyosanoat.

The project, which was agreed upon in May, will be developed in two phases.

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The first one, valued at USD 100 million (EUR 91.3m), will build a capacity of 3,000 tonnes of green ammonia per year to be utilised by the Uzbek chemicals industry as a replacement for natural gas.

The second phase, worth USD 4 billion, envisages the provision of 2.4 GW of wind power generating capacity to power the production of 500,000 tonnes of green ammonia per year, the Riyadh-based developer said on Wednesday.

ACWA already has a hydrogen purchase as well as power purchase agreements (PPA) in place for the assets. Once fully completed, the Uzbek site will be ACWA Power’s second utility-scale green hydrogen project after the NEOM Green Hydrogen Project in Saudi Arabia.

(USD 1 = EUR 0.913)