Abu Dhabi Future Energy Company “Masdar” – one of the leading global companies in the field of renewable energy – announced today that it has signed an implementation agreement with the Uzbek government to increase the production capacity of the wind power plant at the level of the service facilities it is developing in Uzbekistan to 1.5 gigawatts. .
The agreement was signed during a high-level official ceremony held in the Uzbek capital, Tashkent, to inaugurate the project, in the presence of His Excellency Sardor Omurzakov, Deputy Prime Minister and Minister of Investment and Foreign Trade of Uzbekistan, His Excellency Alisher Sultanov, Minister of Energy of Uzbekistan, and His Excellency Saeed Matar Al-Qamzi, the country’s ambassador to the Republic of Uzbekistan.
His Excellency Suhail bin Muhammad Faraj Faris Al Mazrouei, Minister of Energy and Infrastructure, and Dr Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology, UAE Special Envoy for Climate Change Affairs, Chairman of the Masdar Board also participated in the ceremony.
The agreement to increase the production capacity of the plant was signed by His Excellency Shukhrat Vavayev, Deputy Minister of Investment and Foreign Trade of the Republic of Uzbekistan, HE Shirzud Khujayev, Deputy Minister of Energy of Uzbekistan, and Muhammad Jamil Al-Ramahi, CEO of “Masdar”.
His Excellency Sardur Uomurzakov affirmed that advancing the renewable energy sector in Uzbekistan greatly contributes to enhancing sustainable economic growth and supporting efforts to combat climate change. Double the volume of electricity generation by 2030, and Masdar will serve as a bridge that contributes to strengthening the relationship between Uzbekistan and the UAE, as it will pave the way for other Emirati companies to enter the Uzbek market.
For his part, His Excellency Dr. Sultan bin Ahmed Al Jaber said: In line with the directives of the wise leadership and within the commitment of the UAE to contribute to limiting the repercussions of climate change, it is important to consolidate the principle of partnership and expand our efforts to enhance its positive effects on the world.
His Excellency added: This partnership with the Republic of Uzbekistan is a clear embodiment of this trend, and with the growing global efforts in the field of climate action, we have an unprecedented opportunity to cooperate, promote progress in the field of sustainable development and achieve global climate goals.
His Excellency Alisher Sultanov said: We value this partnership with Masdar and welcome the increase in the production capacity of the plant, which will be the largest of its kind in the region. This project is of vital importance to Uzbekistan, as it will support the state’s efforts to provide 25% of its electricity needs from renewable sources by 2030.
His Excellency Suhail bin Muhammad Faraj Faris Al Mazrouei said: Today’s agreement will enhance the existing cooperation between the Republic of Uzbekistan and the United Arab Emirates in the field of renewable energy, and as they are signatories to the Paris Climate Agreement, the two countries are committed to supporting all global efforts aimed at confronting climate change and its consequences. He expressed his aspiration to expand the scope of joint work with Uzbekistan by developing more clean energy projects in the future.
Muhammad Jamil Al-Ramahi praised the progress achieved in this vital project, which contributes to supporting the endeavors of the Republic of Uzbekistan to achieve its clean energy goals .. and said: As a world leader in wind energy projects at the level of service facilities, Masdar is proud to contribute to supporting Uzbekistan’s efforts to achieve its own strategy. By reducing carbon emissions and by working to strengthen the partnership with the Uzbek government, in a way that contributes to advancing sustainable development.
Masdar signed a partnership agreement last year with the government of Uzbekistan to design, build and operate the Zarafshan wind power plant at the level of service facilities with a capacity of 500 megawatts, to be the second clean energy project at the level of service facilities in the country and the largest of its kind in the Central Asia region.
This project attracts more than $ 600 million in foreign direct investment.
The increase in the production capacity of the project, which is located in Zarafshon district in the Navoi region, to 1.5 gigawatts would be in the interest of supporting Uzbekistan’s efforts to achieve its goals of adding 3 gigawatts of wind energy and providing 25 percent of its electricity needs from renewable energy sources by the end of this decade.
The Zarafshan wind power plant with a capacity of 500 MW is expected to go into commercial operation in 2024 and will be able to provide electricity to 500,000 homes and contribute to avoiding the release of 1.1 million tons of carbon dioxide annually.
Masdar signed the power purchase agreement and the investment agreement for the Zarafshan wind power plant last June with the Ministry of Investment and Foreign Trade and the National Electricity Company of Uzbekistan.
It is noteworthy that “Masdar” announced last December the completion of the financial closure of the “Noor Navoi” solar energy project, with a capacity of 100 megawatts, the first independent solar energy project to be successfully financed in Uzbekistan.
This was preceded by the signing of “Masdar” in November 2019 a power purchase agreement and a government support agreement with the National Electricity Company of Uzbekistan and the Uzbek government to design, finance, build and operate the solar power plant.
Masdar had won the bid to develop the “Noor Navoi” project after submitting the lowest price for the electricity production cost, amounting to 2,679 cents per kilowatt hour, among the competing offers.
In March 2019, His Excellency Shaukat Mirziyoyev, President of the Republic of Uzbekistan, attended the signing ceremony of energy agreements between Mubadala Investment Company and the government of Uzbekistan.
Official documents related to the agreements concluded between the Mubadala-affiliated “Masdar” company and the “Uzbekistan Energy” company and the Ministry of Investment and Foreign Trade to implement renewable energy projects in Uzbekistan were exchanged.