Uzbekistan’s Energy Ministry said on June 30 a new $380 million project to enhance the performance of the National Electric Grids of Uzbekistan (NEGU) has been approved by the World Bank’s Board of Executive Directors.
The European Bank for Reconstruction and Development (EBRD), the European Investment Bank (EIB) and Proparco (a subsidiary of Agence Française de Développement) are providing 87.4 million euros to support the first Total Eren project in Uzbekistan. A 100 MW solar power plant near Samarkand will be built and put into operation with these funds.
A wind power plant with a capacity of 500 MW will be built in Navoi region. As stated in the resolution, an agreement on this was signed between the government of the republic, the Ministry of Investment and Foreign Trade, Abu Dhabi Future Energy Company – Masdar (UAE) (investor) and Shamol Zarafshan Energy (project company). According to the decree, JSC National Electric Grids of Uzbekistan will purchase electricity from the project company at a fixed rate denominated in foreign currency.