Agreements for two solar power plants signed with Masdar
12/07/2021 14:45
Agreements for two solar power plants signed with Masdar
12/07/2021 14:45
Tashkent, Uzbekistan (UzDaily.com) -- On 12 July 2021, a ceremony of signing project agreements with Masdar (UAE) for two solar power plants to be built in Samarkand and Jizzakh regions was held in Tashkent. This was reported by the Ministry of Energy.
During the ceremony, Mohamed Jamil Al Ramahi, CEO of Masdar, said: “These projects highlight that Uzbekistan is playing a real leadership role in clean energy projects in the region and contributing to global action to combat climate change. This is a vital mission and we will help you with it.”
An open tender for projects of solar photovoltaic power plants (PVP) with a capacity of 220 MW in Kattakurgan district of Samarkand region and Galyaaral district of Jizzakh region was held in accordance with international standards with the technical support of the International Finance Corporation (IFC).
Based on the results of passing all stages, Masdar was recognized as the winner of these projects in May 2021. One of the strengths of the Emirati company was the proposal for the supply of electricity, which will be produced at these PVPs, at record low tariffs for 25 years. Thus, electricity from the Jizzakh power plant will be supplied to the unified power grid at a rate of 1.823 US cents per kWh and from the Samarkand power plant - 1.791 cents.
Masdar is expected to invest up to US$300 million in these projects, with financial closure scheduled for December 2021 and construction commencement in the first quarter of 2022.
These power plants will contribute to the implementation of the task set for the energy sector of Uzbekistan to bring generation from renewable energy sources to 8 GW by 2030, including the capacity of solar and wind power plants. It will also help reduce annual greenhouse gas emissions by about 500,000 tonnes of CO2 equivalent.
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