Saudi Arabia's private utility Acwa Power has signed a hydrogen purchase agreement with Uzbek state-owned chemical company Uzkemyoasat.
Acwa Power, which is developing a green hydrogen plant and a green ammonia pilot project in the Central Asian country, also signed a power purchase agreement with Uzbekistan's national power grid.
The hydrogen offtake capacity is 3,000 tonnes a year, while the renewable capacity ranges from 52 megawatts to 100 megawatts, the company said on Thursday in a statement to the Tadawul stock exchange, where its shares are traded.
The contract value of both projects is $100 million and they are expected to have a financial effect once commercial operations start in June 2024 and June 2025, Acwa Power said, without providing further details.
Acwa Power has been an active investor in Uzbekistan's energy industry as it continues to expand its global portfolio.
In March, the comoany signed an agreement to develop two solar plants in Uzbekistan with a total generation capacity of 1.4 gigawatts.
Last year, it signed agreements worth $12 billion to develop three new energy projects in Uzbekistan, including developing the largest single onshore wind project in the world in the Karakalpakstan region, with a total capacity of 1.5 gigawatts.
An additional $10 billion investment co-operation agreement was also signed to jointly develop gas-to-power, renewable energy and green hydrogen projects in Uzbekistan.
Uzbekistan is working to improve its energy and power generation sectors, harnessing its natural resources and seeking investments from overseas.
In 2019, the Central Asian nation embarked on a multiphase transition from a state-owned and subsidised energy sector to a competitive gas, oil and electricity market with significant private sector participation.
The move is expected to provide huge economic benefits, according to the International Energy Agency.
Uzbekistan has also unveiled plans to raise the share of renewable energy in total electricity supply to 25 per cent by 2030, from 10 per cent in 2020.
Acwa Power, which is developing a $5 billion green hydrogen-based ammonia production plant in Saudi Arabia’s smart city Neom, plans to "replicate" the project elsewhere, Andrea Lovato, global head of hydrogen at Acwa Power, told The National in February.
The green hydrogen project at Neom will use four gigawatts of renewable power from solar, wind and storage to produce 650 tonnes a day of hydrogen from electrolysis, using technology supplied by German company Thyssenkrupp, the companies said at the time.
The project, expected to come on stream in 2025, will produce about 1.2 million tonnes of green ammonia a year.
Director: Jon Favreau
Starring: Donald Glover, Seth Rogen, John Oliver
Rating: 2 out of 5 stars
UAE currency: the story behind the money in your pockets
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Benefits of first-time home buyers' scheme
- Priority access to new homes from participating developers
- Discounts on sales price of off-plan units
- Flexible payment plans from developers
- Mortgages with better interest rates, faster approval times and reduced fees
- DLD registration fee can be paid through banks or credit cards at zero interest rates
Some of Darwish's last words
"They see their tomorrows slipping out of their reach. And though it seems to them that everything outside this reality is heaven, yet they do not want to go to that heaven. They stay, because they are afflicted with hope." - Mahmoud Darwish, to attendees of the Palestine Festival of Literature, 2008
His life in brief: Born in a village near Galilee, he lived in exile for most of his life and started writing poetry after high school. He was arrested several times by Israel for what were deemed to be inciteful poems. Most of his work focused on the love and yearning for his homeland, and he was regarded the Palestinian poet of resistance. Over the course of his life, he published more than 30 poetry collections and books of prose, with his work translated into more than 20 languages. Many of his poems were set to music by Arab composers, most significantly Marcel Khalife. Darwish died on August 9, 2008 after undergoing heart surgery in the United States. He was later buried in Ramallah where a shrine was erected in his honour.
RACE CARD AND SELECTIONS
5pm: Maiden (PA) Dh80,000 1,200m
5,30pm: Wathba Stallions Cup Handicap (PA) Dh70,000 1,200m
6pm: The President’s Cup Listed (TB) Dh380,000 1,400m
6.30pm: The President’s Cup Group One (PA) Dh2,500,000 2,200m
7pm: Arabian Triple Crown Listed (PA) Dh230,000 1,600m
7.30pm: Handicap (PA) Dh80,000 1,400m
The National selections
5pm: RB Hot Spot
5.30pm: Dahess D’Arabie
6pm: Taamol
6.30pm: Rmmas
7pm: RB Seqondtonone
7.30pm: AF Mouthirah
Ferrari 12Cilindri specs
Engine: naturally aspirated 6.5-liter V12
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Torque: 678Nm at 7,250rpm
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U19 WORLD CUP, WEST INDIES
UAE group fixtures (all in St Kitts)
Saturday 15 January: v Canada
Thursday 20 January: v England
Saturday 22 January: v Bangladesh
UAE squad
Alishan Sharafu (captain), Shival Bawa, Jash Giyanani, Sailles Jaishankar, Nilansh Keswani, Aayan Khan, Punya Mehra, Ali Naseer, Ronak Panoly, Dhruv Parashar, Vinayak Raghavan, Soorya Sathish, Aryansh Sharma, Adithya Shetty, Kai Smith
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THE BIO: Martin Van Almsick
Hometown: Cologne, Germany
Family: Wife Hanan Ahmed and their three children, Marrah (23), Tibijan (19), Amon (13)
Favourite dessert: Umm Ali with dark camel milk chocolate flakes
Favourite hobby: Football
Breakfast routine: a tall glass of camel milk
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Company profile
Date started: 2015
Founder: John Tsioris and Ioanna Angelidaki
Based: Dubai
Sector: Online grocery delivery
Staff: 200
Funding: Undisclosed, but investors include the Jabbar Internet Group and Venture Friends
The specs
Engine: 2.0-litre 4-cylinder turbo
Power: 240hp at 5,500rpm
Torque: 390Nm at 3,000rpm
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Moonfall
Director: Rolan Emmerich
Stars: Patrick Wilson, Halle Berry
Rating: 3/5
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