Tashkent, Uzbekistan (UzDaily.com) —  On 29 November, an investment agreement was signed at the Ministry of Investments, Industry, and Trade of Uzbekistan for the construction of a 300 MW solar power plant and a 75 MW energy storage system in Karmana district of Navoi region, Republic of Uzbekistan.

The agreement was signed by Laziz Kudratov, Minister of Investments, Industry, and Trade, and Zuo Dayun, General Director of Sinoma EC International Investment Co., Ltd.

The launch of this project will serve as an important milestone in implementing the Uzbekistan-2030 Strategy, which aims to increase the capacity of renewable energy sources to 25,000 MW and raise their share in the country’s total energy consumption to 40%.

Sinoma EC International Investment Co., Ltd is a subsidiary of Sinoma Energy Conservation Co., Ltd, founded in 1987. With a market capitalization of US$600 billion and a workforce of 2,000 employees, the company specializes in constructing power plants that utilize waste heat recovery (WHR) from industrial facilities, as well as developing biomass, geothermal, and solar power plants. Sinoma’s portfolio includes over 1,000 successfully completed projects worldwide.