Uzbekistan, Masdar ink deal to develop 100MW solar project
Masdar will design, finance, build, and operate a PV power plant for 25 years, with construction to begin in Q2 2020
UAE-based global renewable energy company Abu Dhabi Future Energy Company (Masdar) has signed a power purchase agreement (PPA) and government support agreement (GSA) with the Government of the Republic of Uzbekistan to build and operate the country’s first public-private partnership (PPP) solar power plant in the Navoi region.
Out of more than 40 bidders, Masdar won the 100MW utility-scale PV solar plant tender after submitting the lowest tariff of 2.679 US cents per kilowatt hour.
Masdar will design, finance, build, and operate the PV power plant for 25 years, with construction scheduled to begin in Q2 2020, and commissioning scheduled for Q2 2021.
The signing ceremony was held in Tashkent on 8 November, 2019, and was attended by Sardor Umurzakov, minister of investments and foreign trade of the Republic of Uzbekistan; Shukhrat Vafaev, deputy minister of investments and foreign trade; His Excellency Saeed Matar Al-Qemzi, UAE Ambassador to Uzbekistan; Mohamed Jameel Al Ramahi, chief executive officer of Masdar; and Yousif Al Ali, acting executive director, Clean Energy, Masdar; and other high-level officials from both Uzbekistan and the UAE.
The power purchase agreement was signed by Dadajon Isakulov, chairman of JSC National Electric Grid of Uzbekistan; and Mohamed Jameel Al Ramahi, the chief executive officer of Masdar. The government support agreement was signed by Sardor Umurzakov, minister of investments and foreign trade of the Republic of Uzbekistan, and Al Ramahi.
Commenting on the landmark project, Al Ramahi said: “Today’s signing is a historic milestone for Uzbekistan and its ambitions to diversify its energy mix. As a global leader in the development of commercially viable renewable energy in more than 25 countries, Masdar is honoured to partner with Uzbekistan in the realisation of this landmark solar energy project.”