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A wind farm in Uzbekistan

Foreign investors 'flocking to Uzbekistan energy sector'

TASHKENT, March 18, 2020

The Ministry of Energy in Uzbekistan is taking active measures to implement large-scale projects in renewable energy and the last 12 months has seen a variety of committed foreign direct investment (FDI) from international companies.
 
The highlights include a 10-year programme to build 5,000 MW of solar power and 3,000 MW of wind power. FDI investors are currently being selected by Ministry of Energy to implement these projects.
Assistance is being provided by international institutions such as the World Bank, Asian Development Bank (ADB) and European Bank for Reconstruction and Development (EBRD), a statement said.
 
Agreements woth over $2 billion have been signed with ACWA Power (Saudi Arabia) to construct a 500-1,000 MW wind power plant and a 1,500 MW Combined Cycle Gas Turbine Power Plant.
 
The agreement with Masdar (UAE) involves the  construction of a 500 MW wind power plant in the Navoiy Region and a deal with  Total Eren (France) provides for the construction of a 100 MW solar power station in the Samarkand region.
 
EBRD assistance will be provided to the Government of Uzbekistan to develop 1,000 MW of wind energy projects. The Government of Uzbekistan and ADB will collaborate to create 1 GW of solar energy. The first pilot project, in February 2020, aims to construct 200 MW solar power plant in the Surkhandarya region. Some 54 companies have submitted applications for the tender, including international companies tendering for the first time. The first stage of international tender for the construction of a 100 MW solar power plant in the Navoiy region has been completed. From a global array of companies Masdar (UAE) won the bid.
 
The second phase of tenders for Scaling solar II project involves the construction of solar power plants on a PPP basis, led by the Ministry of Energy with assistance of the International Finance Corporation.
 
Meanwhile, the second tender has been announced for the construction of two 200 MW solar power plants in the Samarkand and Jizzakh regions of Uzbekistan. 
 
Alisher Sultanov, Minister of Energy of Uzbekistan, said: “Our significant energy ambitions and strategic plan to 2030 are being matched by our current activities. The material contribution of renewable energy to our country’s overall energy mix, and its efficiency, is a crucial part of our strategy. We are collaborating with blue-chip international institutions and welcoming an array of international companies who are excited to be investing in Uzbekistan.
 
“We are working tirelessly for our country’s energy security and will keep audiences regularly updated on all our activities and momentum.” -- Tradearabia News Service
 



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