(MENAFN- Trend News Agency) TASHKENT, Uzbekistan, January 30. China Shuifa
Singyes Energy Holdings plans to build five solar photovoltaic
power plants in Uzbekistan's Tashkent, Trend reports.
This was discussed at a meeting between the head of Yashnabad
district administration Bakhtiyor Rakhmankulov, and China Shuifa
Singyes Energy Holdings. The general manager of the company
discussed plans for the realization of large investment
projects.
The parties finalized an agreement on the construction of five
solar photovoltaic power plants with a capacity of 200 MW each. The
project is estimated at $714 million.
Furthermore, the Sergeli district administration signed
agreements with Zhejiang Yuhing Import & Export as well as Zhijiang
Shida Pipe. As part of these agreements, it is planned to set up
sanitaryware production in Tashkent.
Meanwhile, the European Bank for Reconstruction and Development
(EBRD) plans to provide a long-term senior loan of up to $140
million for the development, design, construction, and operation of
a 200 MW solar photovoltaic power plant and a 500 MWh battery
energy storage system in Uzbekistan's Tashkent region.
The financing will be provided to ACWA Power Riverside Solar
LLC, a special-purpose vehicle (the borrower) established in
Uzbekistan and fully owned by ACWA Power.
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