Overview
In November 2019, Masdar signed a Power Purchase Agreement (PPA) and Government Support Agreement (GSA) with the Government of the Republic of Uzbekistan to design, finance, build and operate the country’s first public-private partnership (PPP) solar power plant.
As transaction adviser, the International Finance Corporation assisted the Ministry of Investments and Foreign Trade and the Ministry of Energy to design and tender the PPP, which attracted more than 40 bidders, under its Scaling Solar programme.
The plant provides electricity to 23,000 homes and mitigates 153,000 tonnes of CO2 annually, supporting Uzbekistan’s national goal of developing 7 gigawatts (GW) of solar and 5GW of wind capacity by 2030.
Project Info
Technologies Used
Solar PV
Location
Navoi region
Project Completion Year
2021
Status
Operational
