Masdar (or Abu Dhabi Future Energy Company) has released that it has won the bid to construct Uzbekistan’s first public-private partnership (PPP) solar project under the International Finance Corporation’s (IFC) “Scaling Solar” plan.
Masdar, a branch of Mubadala Investment Company, will develop a 100 MW utility-scale solar plan which will be located in Uzbekistan’s Navoi area.
In February 2019, Mercom said that Uzbekenergo JSC, a government-owned power utility, had issued a request for selection (RfS) for 100 MW of grid-connected solar plans to be constructed in Navoi Oblast.
IFC had signed a mandate with the government of Uzbekistan to grow its renewable power capacity and encourage private section investment in Uzbekistan’s renewable energy section in May 2018.
Speaking about the upcoming Navoi solar plan, Mohammad El Ramahi, CEO of Masdar, stated, “Masdar is honored to be named as the winning bidder for the 100 MW Navoi solar scheme. For over a decade, Masdar has been a helper for renewable energy and clean-tech innovation in more than 25 countries, and this latest agreement underscores our shared dedication with the Uzbekistan government to help the country attain its renewable energy ambitions.”
Uzbekistan is still relying heavily on gas for its power production, despite having an abundant supply of solar energy. But things are turning around for good, and the government is doing its part by involving private players in the renewable energy region with a public-private partnership.
This latest development comes as a part of Uzbekistan’s dedication to gain the goal of developing 5 GW of renewable energy by 2030 and diversifying the energy space in the country.