Masdar, a subsidiary of Mubadala Investment Company and one of the world’s leading renewable energy companies, has announced that it is the winning bidder to develop Uzbekistan’s first public-private partnership (PPP) solar project under the International Finance Corporation’s (IFC) Scaling Solar programme.
Announced by the Ministry of Investments and Foreign Trade of Uzbekistan, Masdar tendered the lowest tariff in the programme’s competitive auction to develop the 100-megawatt (MW) utility-scale solar plant, which will be located in the Navoi region.
Mohamed Al Ramahi, CEO of Masdar, said: “Masdar is honoured to have been named as the winning bidder for the 100MW Navoi solar plant. For more than a decade, Masdar has been a catalyst for renewable energy and clean-tech innovation in more than 25 countries and this PPP agreement underscores our shared commitment with the Uzbekistan Government to help the country achieve its renewable energy ambitions.”
The project supports Uzbekistan’s ambitious plan to develop 5 gigawatts (GW) of renewable energy by 2030 to diversify the country’s energy mix. Under the Scaling Solar approach, Uzbekistan is aiming to develop up to 1GW of solar power and the 100MW solar plant in Navoi is the first step in this strategy.
“Uzbekistan has made a solid step towards the development of an independent power producer’s market with the country’s first open tender public-private partnership,” said Shukhrat Vafaev, Deputy Minister of Investments and Foreign Trade of the Republic of Uzbekistan. “We opened new markets for private sector participation and set a precedent in the country with the announcement of Masdar winning the first transparent and competitive tendered solar power public-private partnership.”
Financial close is expected to be completed by the end of the first quarter in 2020, while construction of the solar plant is estimated to take 12 months.
Independently from this tender, in March this year, Masdar and the Government of Uzbekistan agreed to pursue renewable energy projects together as part of a wider collaboration between the government of Uzbekistan and Mubadala Investment Company across three key strategic energy sectors.
Keywords: No Keys
Tags: No tags
Case IH has signed Techno Plant to distribute its tractors in Jordan with the new partner firm already having taken delivery of a fleet of six units spanning three different models for demonstration to farmers across the country and more are on the way. While Jordan has a relatively small market for new tractor sales it is one which Case IH has committed to with its new partner. Together with Techno Plant it plans to focus on the popular 55-110hp sector in particular but also has larger models for which market development is planned. Techno Plant which is based in Amman employs ten staff and was founded in 2002. The business has already placed...
Doosan Bobcat EMEA has announced successful results for 2019. Total sales for Doosan Bobcat and Doosan Portable Power products in EMEA and outside of EMEA region grew by 12.8% to 863 million EUR in 2019 compared to the previous year. This contributed to overall worldwide sales growth of 7.2% including particularly strong performances in Europe and North America. For the Bobcat range in EMEA the total sales units growth reached 11.0% in 2019 compared to 2018 with impressive growth of 12.7% in the sales of Bobcat skid-steer loaders where the company is number one in the world with more skid-steer loaders sold than all of the competitors combined...
A Liebherr RTG at DP World Sokhna. Liebherr Container Cranes and DP World Berbera have signed a contract for the supply of eight RTGs for DP World’s terminal in Berbera Somaliland. The cranes are due to be ready for operation before the end of 2020. Killarney (Ireland) March 2020 – The high performance variable speed diesel RTGs are six containers plus a truck lane wide and will stack one to five containers high. The machines are supplied with DGPS autosteering and stack profiling. Like all Liebherr RTGs the machines incorporate Liebherr’s unique eight rope reeving no-sway-system Liebherr drive systems and simultaneous drive motion to deliver ...