Phanes Group to establish 200MWac solar project in Uzbekistan

• Dubai-based Phanes Group has actually authorized a handle the government of Uzbekistan to create a 200MWac PV project in the country.

The arrangement includes the technological and also commercial terms for building, owning and running the project, including centers that will certainly connect it to a substation.

Phanes has also safeguarded a power purchase contract (PPA) with National Electric Grid of Uzbekistan for the facility, which will be constructed in the Navoiy area.

The solar developer as well as asset manager stated the project will certainly "significantly" increase Uzbekistan's current PV ability and also add to the government's plans to reach 5GW of set up solar by 2030.

"Our country is highly dedicated to a low-carbon method as well as enhancing the share of renewable resource in our energy mix. Solar power is a fundamental part of this approach as well as Phanes Group's help will certainly contribute to the success of this latest project," stated Sherzod Khodjaev, Uzbekistan's Deputy Minister of Energy.

While Uzbekistan is greatly reliant on nonrenewable fuel sources, with the majority of its electricity supplied by natural gas, the country's solar sector was just recently increased by Masdar attaining monetary close for a 100MW project, which is anticipated to be operational in the 3rd quarter of 2021.