Kyrgyzstan Plans To Build Two Floating SES Worth 650 Million Dollars
Date
12/3/2024 12:11:46 AM
(MENAFN- AzerNews)
By Alimat Aliyeva
Investments in the construction of two floating solar power
plants (SES) at the Toktogul reservoir in Kyrgyzstan are estimated
at $650 million, Azernews reports.
According to the information, the project is set to be
implemented under an agreement signed last week by the Kyrgyz
government with a group of European companies: Czech Sonnenenergie
a.s., German AB Progressio GmbH, and LTI ReEnergy CleanTech Project
Development UG. The recently established companies in Kyrgyzstan,
"SES Toktogul" and "SES Toktogul KG," are also parties to the
agreement.
"The Toktogul reservoir was chosen for the project because its
large area offers significant space for the placement of floating
solar power plants. Additionally, using the reservoir helps cool
the panels, increasing their efficiency. Furthermore, energy
infrastructure is already in place nearby," the Ministry of Energy
notes.
The launch period for the first station is set at 36 months from
the project start date, while the second station is expected to
begin operations 24 months after SES-1 enters commercial
operation.
Investors and the National Electric Grid of Kyrgyzstan (NESC)
have also signed an electricity purchase agreement, under which the
state commits to buying electricity produced by the SES at a fixed
tariff for 25 years.
This major investment not only aims to enhance Kyrgyzstan's
renewable energy capacity but also positions the country as a
growing player in the global transition to clean energy. The
floating solar plants will leverage the vast space of the Toktogul
reservoir and the existing infrastructure, making the project both
efficient and sustainable.
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