Will Uzbekistan fund a 250-megawatt solar photovoltaic plant?

TASHKENT, May 21, 2024 — The World Bank Group, Abu Dhabi Future Energy Company PJSC (Masdar), and the Government of Uzbekistan have signed a financial package to fund a 250-megawatt (MW) solar photovoltaic plant with a 63-MW battery energy storage system (BESS).

How can Uzbekistan meet its energy needs?

Uzbekistan is capable of meeting its energy needs from its own energy resources. Uzbekistan owns a significant part of the installed capacity of the united power system of Central Asia.

How will Uzbekistan support supplementary power?

A crucial aspect of this plan is ensuring that regions facing energy deficits can receive supplementary power from other areas. The government plans to invest $4 billion in the National Electric Grid of Uzbekistan over the next five years to facilitate these projects.

How will Uzbekistan improve electricity production?

The government plans to invest $4 billion in the National Electric Grid of Uzbekistan over the next five years to facilitate these projects. Reducing electricity production costs is another major priority, with a particular emphasis on alternative energy sources.

How much electricity does Uzbekistan need?

According to projections, Uzbekistan will require 117 billion kilowatt-hours of electricity by 2030, increasing to 135 billion kilowatt-hours by 2035—1.7 times the current consumption. To meet these demands, the Ministry of Energy has developed a long-term strategy focused on infrastructure development and efficiency improvements.

How much power will Uzbekistan's new power plant provide?

This new plant will have capacity equivalent to 8% of Uzbekistan's total generation capability and will be able to meet 15% of the country's overall power demand when complete.