Saudi-listed Acwa, the world’s largest private water desalination company, a leader in the energy transition, and a first mover into green hydrogen at scale, has entered into an MoU with Korea Western Power Co., Ltd. (KOWEPO) to explore potential opportunities in Uzbekistan’s renewable energy market.
According Acwa, the MoU was signed today in Uzbekistan’s capital Tashkent, establishing a framework for the parties to evaluate potential cooperation opportunities in renewable energy, energy storage and related infrastructure projects. The signing ceremony was attended by President of Acwa Central Asia Abid Malik and KOWEPO CEO Lee Jung-bok.
The agreement provides a framework for the parties to jointly identify renewable energy business opportunities and establish a foundation for cooperation, with an initial focus on Uzbekistan. The parties will explore potential opportunities on a project-by-project basis, subject to further evaluation, internal approvals and definitive agreements, while leveraging their respective business development experience and local capabilities.
