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10-11-19
UAE's Masdar, Uzbekistan ink solar power project agreement
(MENAFN) One of the world's leading renewable energy companies, Masdar, has signed a Power Purchase Agreement and a Government Support Agreement, GSA, with Uzbekistan to design, finance, build and operate the country"s first solar power plant through a public-private partnership (PPP).
An announcement by the Ministry of Investments and Foreign Trade of Uzbekistan was made last month that Masdar had submitted the lowest tariff of USD2.679 cents per kilowatt-hour in the programme's competitive auction to develop the 100-megawatt (MW) utility-scale PV solar plant, which will be located in the Navoi region.
The PPA was signed by Dadajon Isakulov, Chairman of JSC National Electric Grid of Uzbekistan, and Masdar CEO Mohamed Jameel Al Ramahi in capital Tashkent, in the presence of Sardor Umurzakov, Minister of Investments and Foreign Trade of the Republic of Uzbekistan; Shukhrat Vafaev, Deputy Minister of Investments and Foreign Trade; Sherzod Khodjaev, Deputy Minister of Energy.
Other high-level officials from both Uzbekistan and the UAE, including Saeed Matar Al-Qamzi, UAE Ambassador to Uzbekistan; and Yousif Al Ali, Acting Executive Director, Clean Energy, Masdar also took part.
MENAFN1011201900450000ID1099250256
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