UAE - Mubasher: Masdar Clean Energy has signed a power purchase agreement and government support agreement with Uzbekistan to design, finance, build, and operate the first public-private partnership solar power plant in the country.
Under the agreements, Masdar will design, finance, build, and operate the plant located in the Navoi region for 25 years, according to a company statement released on Friday.
"As a global leader in the development of commercially viable renewable energy in more than 25 countries, Masdar is honoured to partner with Uzbekistan in the realisation of this landmark solar energy project," Masdar's CEO Mohamed Jameel Al Ramahi commented.
The construction of Uzbekistan's new photovoltaic solar plant is set to begin in the second quarter of 2020 and start operations in the second quarter of 2021.
"We will continue to implement such projects in a transparent and competitive manner to find the solutions, which are the most acceptable for the benefit of Uzbekistan," Uzbekistani investments and foreign trade minister, Sardor Umurzakov, said.