Consortium Of Chinese Companies To Invest In Construction Of Solar Power Plants In Uzbekistan
Date
2/25/2023 2:11:53 AM
(MENAFN- Trend News Agency) BAKU, Azerbaijan, February 25. A consortium,
consisting of the Chinese Huaneng renewables Corporation and Poly
Technologies companies, have become investors in the solar power
plants construction project, trend reports via the Uzbek energy Ministry.
The ministry said that Uzbekistan and the Chinese companies have
signed an investment agreement, according to which companies will
allocate $2 billion to the construction project.
The solar power plants with a total capacity of 2000 MW will be
constructed in Uzbekistan's Jizzakh and Tashkent regions. The
plants will generate 5 billion kWh of electricity per year and save
1.3 billion cubic meters of natural gas.
The ministry noted that plants are planned to be launched by the
end of this year, while their work at full capacity is expected in
2024.
Earlier on February 15, Uzbekistan and China Energy Engineering
Corporation (CEEC or Energy China) signed a memorandum of
understanding on the construction of the mentioned solar power
plants in Uzbekistan.
Furthermore, in January, Uzbekistan put into operation a new
solar power plant with a capacity of 35 MW on the territory of
Uzbekistan GTL company's building in Tashkent. The solar power
plant at the Uzbekistan GTL company will generate 115,000 kWh of
electricity per year.
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