BRIEF-ACWA Power Signs PPA With National Electric Grid Of Uzbekistan

Reuters03-31

March 31 (Reuters) - ACWA POWER COMPANY SJSC :

* ANNOUNCES SIGNING OF POWER PURCHASE AGREEMENT $(PPA)$ WITH NATIONAL ELECTRIC GRID OF UZBEKISTAN (NEGU)

* PPA WITH NEGU FOR NUKUS2 200 MW WIND POWER PROJECT ALONG WITH BATTERY ENERGY STORAGE SYSTEM TO BE SET UP IN UZBEKISTAN

* CONTRACT VALUE SAR 985.13 MILLION (USD 262.7 MILLION)

* CONTRACT TO BUILD, OWN, OPERATE AND TRANSFER AT END OF PPA TERM OF 25 YEARS

* FINANCIAL IMPACT OF OPERATION IS EXPECTED TO BE REFLECTED AFTER H1, 2026

Source text for Eikon: Further company coverage:

((Reuters.Briefs@thomsonreuters.com;))

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