Masdar inks 1GW Kyrgyzstan renewables deal

Jan 10, 2023 12:49 PM ET
  • Agreement with Kyrgyz Republic's energy ministry commences with a 200MW PV project due online in 2026
Masdar inks 1GW Kyrgyzstan renewables deal
Image: Masdar

Masdar has signed an agreement with the Kyrgyz Republic's Ministry of Energy to develop a pipeline of renewable projects in the Central Asian country, with a capacity of approximately 1GW.

The very first project in the pipeline is a 200MW solar plant, set up to start procedure in 2026.

The application agreement was authorized by HE Ibraev Taalaibek Omukeevich, Minister of Energy of the Kyrgyz Republic and also Mohamed Jamel Al Ramahi, Chief Executive Officer of Masdar.

Omukeevich stated: "Today, the energy system of the Kyrgyz Republic faces challenges fulfilling the considerable demand for electricity from all groups of customers with our existing sources.

" At the same time, Kyrgyzstan has excellent solar power potential.

" The effective implementation of projects to establish solar power plants of up to 1GW capacity will help to guarantee our nation's energy security.

" The large-scale growth of the renewable energy system will likewise help to enhance employment, living problems and energy supply for the population of the republic, reduce hardship in rural areas, and also enhance the degree of education and learning, in addition to present new contemporary technologies."

Al Ramahi added: "Kyrgyzstan is honored with abundant solar sources and we see this 200MW plant being the initial of a number of projects that will certainly support the nation's goals on exhausts reductions, while boosting clean energy access and security."

Kyrgyzstan is looking to lower its greenhouse gas exhausts by as much as 44% by 2030 and also achieve carbon nonpartisanship by 2050.

While the nation already produces around 90% of its electrical energy from clean energy resources, this is practically specifically from aging hydropower plants.

The nation's high solar irradiation degrees give the possibility to enhance clean energy access as well as security.

The execution agreement builds upon a memorandum of comprehending authorized by the two sides in April last year, in which Masdar agreed to explore renewable resource possibilities in the Kyrgyz Republic in support of the country's decarbonisation objectives.

Under the agreement, Masdar would certainly explore as well as purchase a wide range of renewable resource projects such as ground-mounted solar PV, floating solar PV, as well as hydropower projects.

Source:
renews.biz

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