Uzbekistan Plans 1 GW New Solar Photovoltaic Projects
/28th December 2020, RENEWABLE MARKET WATCHTM/ At the beginning of 2021, the country plans to launch a tender for up to 300 MW solar project in the Sherabad district of the Surkhandarya region, according to the Ministry of Energy of Uzbekistan ant this part of a pipeline of 1 GW solar projects that are projected to be built in Uzbekistan in 2021 and 2024.
Uzbekistan plans to build photovoltaic (solar) power plants (PVPS) with a total capacity of 5,000 MW in the country within ten years. To this end, the Ministry of Energy, with the assistance of the World Bank, the Asian Development Bank and the European Bank for Reconstruction and Development, is currently carrying out a set of measures for the competitive selection of investors for the implementation of these projects, which will be implemented through foreign direct investment. By the end of 2021, it is planned to commission two photovoltaic power plants of 100 MW each in Uzbekistan. In this direction, the Ministry of Energy, with the participation of the International Finance Corporation (IFC), a member of the World Bank Group, is implementing the Scaling solar project for the construction of solar power plants on the basis of a public-private partnership program. IFC has been hired as a lead consultant to assist in structuring and tendering solar projects.
In 2019, in Uzbekistan, with the support of the IFC, the first stage of international tenders was held, the results of which were announced on October 4. The tender was held for the construction of the first 100 MW PV power plant in the Navoi region. “At the initial stage of the international tender, 23 companies from India, Spain, China, Norway, the United Arab Emirates, Russia, Saudi Arabia, France, South Africa, South Korea and Japan took part, of which 11 companies were prequalified,” said the head of the Development Department generation based on renewable energy sources (RES) of the Ministry of Energy Abdullajon Otaboev. - Bids were submitted by Acwa Power (Saudi Arabia), Jinko Power and Aljoimah Energy & Water Consortium (PRC/Saudi Arabia), Masdar (UAE), TBEA Xinjianing Sunoasis Co Ltd (China) and "Total Eren" (France).
Based on the results of studying and evaluating the technical and commercial proposals of the applicants, the tender commission announced the Masdar company from the UAE as the winner of the first stage of the international tender with a tariff of 2.679 US cents per 1 kWh of generated electricity. " Financing of this project is carried out through the guarantee of the International Bank for Reconstruction and Development, amounting to $ 5.1 million, and IFC borrowed funds up to $ 41 million. The project will also be the first World Bank guarantee operation in Uzbekistan.
Masdar is a subsidiary of the Mubadala Investment Company of the Government of Abu Dhabi and one of the leading international renewable energy companies. The portfolio of completed investment projects of the company includes more than 4,000 MW of installed capacity for generating electricity from renewable sources. The Emirates company "Masdar" will also carry out the design, financing, construction and operation of a wind power plant (WPP) with a capacity of 500 MW in the Navoi region. The construction work of the wind farm is planned to begin by the end of 2021 with the commissioning of the first stage of generating capacities (up to 250 MW) in April 2023 and all capacities by the end of 2024.
The more information and answers to your questions about the Uzbekistan Solar Power market and related content you may read here: Uzbekistan Solar Photovoltaic (PV) Market Outlook 2020 ÷ 2030
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