01.09.22
On August 31 of this year, Masdar (UAE) signed agreements on financing a project for the construction of Uzbekistan's first industrial wind power plant with a capacity of 500 megawatts (MW) in the Tamdyn district of Navoi region.
The Zaravshan wind power plant with a capacity of 500 MW is the largest project in Central Asia, which will provide electricity to about 500,000 households and prevent emissions of about 1.1 million tons of carbon dioxide into the atmosphere per year. The project is being implemented within the framework of achieving Uzbekistan's goal of providing 25% of electricity demand from renewable energy sources by 2030, the Ministry of Energy of the Republic of Uzbekistan reports.
In 2020, the company signed bilateral agreements with the Government of Uzbekistan on the design, construction and operation of the Zarafshan wind farm, the largest project in Central Asia. The project is expected to attract more than $600 million in foreign direct investment.
The Zaravshan Wind Power Plant (WPP), which is planned to be commissioned by the end of 2024, is the second large-scale industrial project of Masdar in Uzbekistan, the first of which was a 100 MW solar photovoltaic plant launched in 2021 in the Karmaninsky district of Navoi region. Within the framework of the Zarafshan WPP project, in June 2020, an agreement on investment and purchase of electricity was signed between Masdar, the Ministry of Investment and Foreign Trade of the Republic of Uzbekistan, JSC "National Electric Networks of Uzbekistan". In 2021 The company also signed an agreement on the construction of solar photovoltaic plants with a total capacity of 897 MW in a number of regions of Uzbekistan. Masdar, an Abu Dhabi-based renewable energy company, is one of the fastest growing renewable energy companies in the world, with capacity expected to exceed 50 GW by 2030 and 100 GW in the following
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