On October 16, the eve of the Third Belt and Road Forum for International Cooperation, Universal Energy successfully signed a 500 MW Wind Power Purchase Agreement (PPA), according to which, the company will invest in the construction of a 500 MW wind power project in Samarqand Region, Uzbekistan. This project is predicted to kick off by the end of 2023, completed and connected to grid in 2026, with a power purchase and sale period of 25 years. It will be constructed into the first mountain wind power station in Central Asia.
As the legal adviser of the project, Jingtian & Gongcheng' s legal team provided high-quality efficient legal services and actively facilitated the signing of the PPA.