Power Purchase Agreement For 200 MW Uzbek PV Project

Dubai Based Phanes Group Secures Investment Agreement & Power Purchase Agreement For 200 MW AC Solar PV Project In Uzbekistan

Power Purchase Agreement For 200 MW Uzbek PV Project

Phanes Group said it will develop a 200 MW AC solar power project in Uzbekistan for which it has signed both PPA and IA with relevant authorities. Pictured is the House Museum and Park of Babur (Andijan) in Uzbekistan. (Photo Credit: National PR-centre, Republic of Uzbekistan)

  • Phanes Group has secured a PPA with the National Electric Grid of Uzbekistan for a 200 MW AC solar project
  • The Dubai based company has also signed an investment agreement with the Uzbek Ministry of Investment and Foreign Trade
  • The ground mounted solar PV project will be located and grid connected in Navoi region’s Nurata

International solar energy developer Phanes Group has announced securing a power purchase agreement (PPA) and investment agreement (IA) for a 200 MW AC solar power project in Uzbekistan. The grid connected project will be located in Nurata of Navoi region in the country.

It entered the PPA, of undefined duration, for the ground mounted project with the National Electric Grid of Uzbekistan, and IA with the Ministry of Investment and Foreign Trade on April 1, 2021. These agreements lay down the technical and commercial terms for the building, owning and operating the project.

Phanes Group said it will significantly increase the country’s current installed solar PV capacity. The country targets 5 GW to be achieved by 2030 (see Uzbekistan Confirms 5 GW Solar Target By 2030).

“Our country is strongly committed to a low-carbon strategy and increasing the share of renewable energy in our energy mix. Solar energy is an important part of this strategy and Phanes Group’s assistance will contribute to the success of this latest project,” Phanes Group’s statement quoted country’s Deputy Minister of Energy, Sherzod Khodjaev as saying.

Uzbekistan has been encouraging solar power capacity development through competitive auctions. For 2 separate tenders with 600 MW combined capacity a number of names have made the cut as shortlisted candidates, according to the Uzbek Energy Ministry (see Uzbekistan: List Of Shortlisted Bidders For 600 MW PV Out).

It comprises a 400 MW project tendered under the World Bank’s Scaling Solar initiative. Abu Dhabi’s Masdar won the maiden Scaling Solar auction concluded in October 2019 with $0.027 per kWh winning bid (see Masdar Wins Scaling Solar Uzbekistan Auction).

About The Author

Anu Bhambhani

Anu Bhambhani is the Senior News Editor of TaiyangNews. Anu is our solar news whirlwind. At TaiyangNews she covers everything that is of importance in the world of solar power.

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