UAE Business: Masdar enters Turkmenistan with 100MW solar plant – Gulf Digital News

UAE Business: Masdar enters Turkmenistan with 100MW solar plant – Gulf Digital News

Masdar, one of the world’s leading renewable energy companies, has signed a joint development agreement (JDA) with Turkmenenergo State Power Corporation of the Ministry of Energy of Turkmenistan (Turkmenenergo), to develop a 100 megawatt (MWac) solar photovoltaic (PV) plant, which will be the company’s first project in the Central asian country.

The agreement builds on a MoU signed between Masdar and the Turkmenistan government in October 2021 to explore the development of and investment in solar and wind power projects in Turkmenistan on a public-private partnership (PPP) basis.

The agreement was signed by Masdar Chief Executive Officer Mohammed Jameel Al Ramahi and Deputy Chairman of the Cabinet of Ministers of Turkmenistan HE Charymurat Purchekov at a ceremony held at the UAE-Turkmenistan Business Forum in Abu Dhabi.

The JDA signing was witnessed by Serdar Berdymukhammedov, President of Turkmenistan, and HE Dr Thani bin Ahmed Al Zeyoudi, UAE Minister of State for Foreign Trade.

Deputy Chairman of the Cabinet of Ministers of Turkmenistan Charymurat Purchekov said this agreement will mark the beginning of a new stage in the development of the electric power industry of Turkmenistan through the construction of solar and wind power plants, in which this company has accumulated a large and rich experience.

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