Uzbekistan and IFC signs mandate for 900 MW of solar projects
The government of Uzbekistan and International Finance Corporation (IFC), a member of the World Bank Group have signed a mandate for the development of a 900 MW of solar power. The project procurement will be done on a public-private partnership basis and IFC will back it by helping the government in planning and award process.
The mandate includes the development of two 200 MW solar power plants and one 500 MW solar plant. The tenders will be launched in the upcoming months. The tenders are expected to attract approximately US$ 1 billion of investment.
Uzbekistan held its first renewable PPP tender earlier this year. IFC as a transaction advisor heled to design and tender the PPP project. It attracted 11 prequalified bidders and 5 competitive bids. UAE Masdar Clean Energy was announced a winning bidder and awarded a contract to build a 100-MW solar park.
Uzbekistan is targeting to develop up to 5 GW of solar energy by 2030.
Country updates
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October 08, 2019
Masdar Clean Energy wins Uzbekistan solar tender
The Government of Uzbekistan has announced the winner of the World Bank Group’s Scaling Solar program's competitive auction to develop a utility-scale solar plant located in the Navoi regio...
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October 07, 2019
Uzbekistan, IFC partner for 1.3 GW gas-fired PP in Syrdarya region
The Government of Uzbekistan and the International Finance Corporation have teamed up for the structuring and tender of a 1,300 MW gas-fired power plant that will be developed in Syrdarya region...
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September 24, 2019
Total Eren to develop 100 MW solar project in Uzbekistan
Total Eren signs an agreement to design, finance, build and operate a solar power plant in Uzbekistan through a public private partnership (PPP). The company will construct the 100 MW project in Uzbek...
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September 24, 2019
Helios Energy secures 40 MW Solar PV contract in Uzbekistan
The Ministry of Innovative Development of the Republic of Uzbekistan and Thai engineering, procurement and construction services contractor Helios Energy Co. have signed an agreement to build a 40 MW...
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September 03, 2019
IFC seeks advisors for solar projects in Uzbekistan
The Government of Uzbekistan (GoU) has requested the assistance of IFC Advisory Services in Public-Private Partnership (PPP) (IFC Advisory or Purchaser) to act as lead transaction advisor for the proc...
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