24 December 2020, Tashkent, Uzbekistan. The Ministry of Energy of the Republic of Uzbekistan is pleased to announce that in line with the Concept Note for ensuring electricity supply in Uzbekistan in 2020-2030 and implementing a large-scale renewable energy strategy the launch of the third solar photovoltaic PPP project, under “Uzbek Solar” program is planned for the 1st quarter of 2021. The project is part of the 1GW solar program mandate of International Finance Corporation (IFC).
The project is anticipated to consist of three lots with a total capacity of 500 MW to be tendered out for the private partners under DFBOM model. One of the lots will also include a battery storage component.
Mr Alisher Sultanov, Minister of Energy of Uzbekistan, said: “Following the success of Uzbek Solar 1 and high interest in Uzbek Solar 2, we are happy to announce the that the start of this new project is planned for the February 2021, which shows that we are firmly on our way to new, sustainable, clean and diversified energy production in Uzbekistan. We would like to thank the IFC for their support as lead advisor in structuring and tendering of up to 500MW solar PV projects in the Bukhara, Namangan and Khorazm regions.”
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Notes to editors
- In accordance with the Concept Note for ensuring electricity, supply in Uzbekistan in 2020-2030 in the next 10 years up to 5GW of cost-effective and environment-friendly utility scale solar generation will be generated to meet the increasing demand for electricity in the country.
- The selected private partners will be compensated for their sale of electricity through a 25 years Power Purchase Agreement (“PPA”) to be signed with the state-owned electricity off-taker. The Government of Uzbekistan will also provide a Government Support Agreement (“GSA”) to the private partner.
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