ACWA Power won the $2.57 cents per KW hour competitive bid for the imposed tariffs RIYADH: Saudi Arabia’s ACWA Power won a bid to construct Uzbekistan"s first wind project through public tendering process. The PIF-Backed ACWA Power has signed a 25-year power purchase agreement to construct the $108-million wind farm for the National Electric Grid of Uzbekistan, the company said in a bourse filing. Under the deal, ACWA will charge a $2.57 per KW/hour, which the lowest tariff in for wind energy projects in the country, the filing said. Located in Northwestern Uzbekistan, the Nukus power plant will operate at a 100 MW capacity. The company added that the project’s financial impact is expected to be reflected in the first quarter of 2024.