Phanes seals power purchase deal for 200MW Uzbek solar plant

Phanes seals power purchase deal for 200MW Uzbek solar plant

Phanes Group, an international solar energy developer headquartered in Dubai, said it has signed a power purchase agreement and investment agreement with Uzbekistan for a 200MW �С grid-connected solar PV plant in the country's Navoi region.

 

The deals, include the technical and commercial terms for building, owning and operating the solar plant including the facilities connecting to Khimiya 220/110 kV substation, were signed with National Electric Grid of Uzbekistan, IA with the Ministry of Investment and Foreign Trade last week, said the statement from Phanes.

 

This ground-mounted project will significantly boost Uzbekistan's current solar PV installed capacity and contribute to the government's plans to boost energy generation capacity to 30 GW, including 5 GW of solar by 2030.

 

"Uzbekistan earned the Economist's title of country of the year in 2019 and the nation is now regarded as a rising powerhouse in Central Asia," remarked Martin Haupts, CEO of Phanes Group. 

 

"With this agreement we share the vision for Uzbekistan's clean energy ambition and reaching its climate action goals to reduce greenhouse gas emissions (GHGs) and dependency on fossil fuels," stated Haupts.

 

Welcoming the strategic agreements, Sherzod Khodjaev, Deputy Minister of Energy of Uzbekistan, said: "Our country is strongly committed to a low-carbon strategy and increasing