韩国西部发电与ACWA签署乌兹别克斯坦可再生能源合作MOU

Korea Western Power is moving into the Central Asian renewable energy market in partnership with Saudi energy company ACWA, the first state-run power generation company in South Korea to do so.
The company said on the 27th that it signed a memorandum of understanding with ACWA on the 25th in Tashkent, the capital of Uzbekistan, to expand renewable energy business.
The agreement is aimed at jointly identifying renewable energy business opportunities in Central Asia, centered on Uzbekistan, and building a foundation for cooperation. The two companies will combine their business development experience and capabilities to jointly bid for renewable energy projects in Uzbekistan.
Uzbekistan has been actively expanding solar, wind and other generation capacity to meet rising electricity demand driven by economic growth and industrialization. The country is seen as having significant solar potential given its abundant sunshine. It is also increasing investment in flexibility resources such as battery energy storage systems (BESS) to secure grid stability as renewable capacity grows.
"Cooperation with ACWA will serve as a bridgehead for expanding our business into the Central Asian renewable energy market, following the Middle East," Korea Western Power CEO Lee Jung-bok said. The company has already won four power generation projects in the Middle East and is building and operating 3.5 gigawatts of renewable energy capacity and 877 megawatts of combined-cycle gas power there.