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 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.

Who will sell electricity to in Uzbekistan?

The project company is committed to selling electricity to the state-owned National Electric Grid of Uzbekistan JSC under a 25-year Power Purchase Agreement for the project, including a 10-year operating term for the BESS component, signed by these two entities.

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.

What are the main activities of Uzbekistan Electric Company?

The main activities of the company are the operation and development of the main electric networks of the Republic of Uzbekistan, the supply of electricity through the main electric networks and the implementation of interstate transit, cooperation with electric power systems of neighboring states. Map diagram of the main electrical networks

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.