Add us as your preferred source on Google to see more of our content in Search.
Add to Preferred SourcesUzbekistan is advancing quickly to diversify its energy matrix and meet its target to develop up to 5 gigawatts of solar power by 2030. Uzbekistan signed a mandate with IFC, a member of the World Bank Group, to develop up to 900 megawatts of solar power through public-private partnerships (PPPs).
The signing follows the announcement of the winning bidder in the country’s first solar PPP for 100 megawatts earlier this month, which achieved a highly competitive tariff of just 2.7 US cents per kilowatt-hour.
In the coming months, Uzbekistan will launch a PPP tender for two solar projects of up to 200 megawatts each, followed by another round for the remaining 500 megawatts.
“We are proud to support the positive momentum for private sector-led growth in Uzbekistan – I am pleased to see the government moving quickly to tender another 900MW of solar power, which will help attract close to a billion dollars of private investment and generate reliable and clean energy for the country’s people,” said Georgina Baker, IFC Vice President, Latin American and the Caribbean and Europe and Central Asia.
The announcement of the two additional PPP projects immediately after the success of the first solar tender is a testament to Uzbekistan’s commitment to embrace the private sector.
Original source: IFC
Published on 18 October 2019