The MoU for the wind project was signed in March 2019/ACWA Power
by Kudakwashe MuzoriwaSaudi-based ACWA Power has signed a 20 years power purchase agreement (PPA) with the Ministry of Energy of Azerbaijan to develop, build and operate a 240 MW wind power project.
Paddy Padmanathan, the Chief Executive Officer of ACWA Power, said, “We are pleased to sign this implementation agreement with the Government of Azerbaijan, which expands our geographic footprint of operations into this culturally rich and economically vibrant country straddling Europe and Asia.”
“ACWA Power’s entry into the Azerbaijani market confirms our strong belief in the development of public private partnerships in the country’s power sector,” said Rajit Nanda, the Chief Investment Officer of ACWA Power.
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