Masdar signs landmark Uzbek solar power project agreement

Masdar signs landmark Uzbek solar power project agreement

Masdar, one of the world's leading renewable energy companies, has signed a Power Purchase Agreement and a Government Support Agreement, GSA, with Uzbekistan to design, finance, build and operate the country's first solar power plant through a public-private partnership (PPP).

 

The Ministry of Investments and Foreign Trade of Uzbekistan last month announced that Masdar had submitted the lowest tariff of $2.679 cents per kilowatt-hour in the programme's competitive auction to develop the 100-megawatt (MW) utility-scale PV solar plant, which will be located in the Navoi region.

 

The PPA was signed by Dadajon Isakulov, Chairman of JSC National Electric Grid of Uzbekistan, and Masdar CEO Mohamed Jameel Al Ramahi in capital Tashkent, in the presence of Sardor Umurzakov, Minister of Investments and Foreign Trade of the Republic of Uzbekistan; Shukhrat Vafaev, Deputy Minister of Investments and Foreign Trade; Sherzod Khodjaev, Deputy Minister of Energy. 

 

Other high-level officials from both Uzbekistan and the UAE, including Saeed Matar Al-Qamzi, UAE Ambassador to Uzbekistan; and Yousif Al Ali, Acting Executive Director, Clean Energy, Masdar also took part.

 

"Today's signing is a historic milestone for Uzbekistan and its ambitions to diversify its energy mix," remarked Al Ramahi. 

 

"As a global leader in the development of commercially viable renewable energy in