Masdar places cheapest bid in 200-MW solar tender in Uzbekistan

• Abu Dhabi Future Energy Company PJSC, much better known as Masdar, has become the lowest bidder in a tender for a 200-MW solar project in Uzbekistan's Sherabad area, positioning a bid of USD 18.045 (EUR 14.819) per MWh.

The Ministry of Energy last week opened the monetary proposals as well as results from announce the winner after examining the conformity of the bids. The two-stage competition was executed between 5 individuals yet just 4 of them made it to the financial proposals round.

Details concerning the bidders, who took part either solo or as part of a consortium, and their deals can be seen in the table.

The tender will certainly assist in the building and construction of a solar photovoltaic (PV) plant of a minimum of 200 MW in the Surkhandarya area of Sherabad. The solicitation drew in the rate of interest of 54 international companies, the government stated.

Uzbekistan intends to raise the share of its set up renewables ability by approximately 5 GW in the next 10 by 2030. It is holding a collection of tenders, some with the help of the World Bank's International Finance Corp (IFC), in support of that objective.