Abu Dhabi National Energy Company PJSC has announced a collaboration with the Government of Uzbekistan to explore strategic opportunities for
investment in Uzbekistan's power sector. These opportunities include new and existing power plants as well as associated power infrastructure and collectively could be worth more than USD 3 billion. The implementation agreement covers proposals for a greenfield combined cycle
power plant with a capacity of approximately 1.5 GW. The new project is set to be developed adjacent to the existing Talimarjan power complex where TAQA has already announced plans to invest in the privatisation of two gas-fired power plants. The new partnership is expected to cover the design, financing, engineering, procurement, commissioning, testing, ownership and operation of the power plant by TAQA. The agreements are also looking at opportunities to invest in existing and further greenfield gas-fired power generation plants with a combined capacity of more than 3GW along with electricity transmission and distribution infrastructure in Uzbekistan. This strategic collaboration between TAQA and the Government of Uzbekistan is another significant milestone in TAQA's international growth strategy. These agreements open the door for TAQA to bring its operation and maintenance expertise to Uzbekistan in support of new and existing power generation projects. The company will also support the Uzbekistan Government's process of reform for the sector. In transmission and distribution, the company will bring in international best practice
infrastructure development and operation to help the Uzbekistan Government achieve
substantial improvements in transmission and distribution network performance, network asset modernisation, customer experience, and collection services.