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).

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 will Uzbekistan improve its energy security?

“This project will enhance Uzbekistan’s energy security through the use of innovative solutions and technologies,” noted Marco Mantovanelli, World Bank Country Manager for Uzbekistan.

What is the energy sector like in Uzbekistan?

In Uzbekistan, the energy sector is concentrated in the hands of two monopolies, Uzbekenergo and Uzbekneftegaz, with mineral resources and rare-earth minerals concentrated at metallurgy plants, which the government intends to upgrade through a number of sponsored programmes, and with the active assistance of foreign contractors and suppliers.

Will Voltalia build a 126MW solar PV project in Uzbekistan?

Voltalia has started building a 126MW solar PV project in Uzbekistan, to which it will add a 100MWh BESS with plans to build one 10x larger.

Does Voltalia have a Bess project in Uzbekistan?

Voltalia has also signed two partnership agreements to deploy BESS in Uzbekistan. The first will extend the Sarimay project with a 50MW/100MWh BESS, the sales contract for which is expected to be signed in summer 2024.