Aksa Enerji Raises Installed Capacity in Uzbekistan to 1,220 MW

Aksa Enerji has started power generation at the initial units of a natural gas combined-cycle power plant completed in just seven months in the city of Talimercan, Uzbekistan. Upon completion of the combined cycle, the company will increase its total installed capacity in Uzbekistan to 1,220 MW and move closer to its ambitious targets under the 2030 Global Strategy. 

Aksa Enerji, Turkey's largest investment company in Uzbekistan, has brought online the first units at the Talimercan Natural Gas Combined-Cycle Power Plant with an installed capacity of 430 MW. The units of the plant, constructed in the record time of seven months, will generate installed capacity equivalent to 396 MW in simple-cycle operation. Following completion of the combined cycle, the company's total installed capacity in Uzbekistan will rise to 1,220 MW.

Cemil Kazancı, Chairman and CEO of Aksa Enerji, said: "The Talimercan plant, which we brought online in the record time of seven months, is a concrete demonstration of Aksa Enerji's innovative approach and strong operational competence. Through this project, while serving energy security, we are also contributing to the region's economic and social development. As Aksa Enerji, we will continue to realize our sustainable high-growth targets in line with our 2030 Global Strategy."

The project was implemented under an agreement signed with NEGU (National Electric Grid of Uzbekistan), which is under the Ministry of Energy of Uzbekistan. The plant's natural gas requirements will be covered free of charge by the Government of Uzbekistan. Electricity generated at the plant will be priced on the basis of guaranteed capacity payments in US dollars over a 25-year period.