ADB Puts Forward New Project To Boost Uzbekistan's Renewable Energy Sector
Date
8/24/2024 2:15:54 AM
(MENAFN- Trend News Agency)
TASHKENT, Uzbekistan, August 24. The Asian
Development bank (ADB) has proposed a new Samarkand solar
photovoltaic and battery energy storage system (BESS) project to
enhance Uzbekistan's renewable energy sector, Trend reports.
According to the bank, the project involves a 500 megawatt
alternating current solar photovoltaic plant, 500 MWh battery
energy storage system, transmission line and other auxiliary
infrastructure and will be one of the first utility-scale renewable
energy projects with BESS component in Uzbekistan.
The project, sponsored by ACWA Power, is part of Uzbekistan's
broader strategy to boost renewable energy production to 12 GW. The
project is expected to create bankable precedents and attract
further private investment into Uzbekistan's energy sector.
Earlier, the ADB and Masdar have signed an agreement for a $46.5
million loan to construct the Nur Bukhara solar power plant with a
battery energy storage system in Uzbekistan's Bukhara region.
The financing package includes $26.5 million from the ADB's
ordinary capital resources and $20 million from Leading Asia's
Private Infrastructure Fund, managed by the ADB.
The Nur Bukhara facility will generate 250 megawatts and store
126 megawatt-hours of energy. The project also includes building a
20-kilovolt substation and a 3.1-kilometer transmission line to
connect to the grid.
MENAFN24082024000187011040ID1108595833
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.