Five groups submit bids for Uzbekistan’s Sherabad solar project
Uzbekistan’s Ministry of Energy (MOE) has received proposals from five bidding groups for the planned 200MW Sherabad photovoltaic (PV) solar independent power producer (IPP) project
Uzbekistan’s Ministry of Energy (MOE) has received proposals from five bidding groups for the planned 200MW Sherabad photovoltaic (PV) solar independent power producer (IPP) project.
The following five groups submitted proposals by the 12 April deadline:
- Acwa Power (Saudi Arabia)
- Jinko Power (China)/ China Power Holding International
- Masdar (UAE)
- Risen Energy (China)/ Tojikgidroelectormontaj
- Total Eren/ Total Solar (France)
Energy & Utilities reported in December that the MOE had prequalified 11 groups to participate in the tender. MOE released the request for proposals (RFP) to the developers on 14 December.
The ministry is planning to select the preferred bidder on 12 May, one month after receiving proposals.
Uzbekistan awarded the contract to develop the country’s first solar IPP project to a consortium led by the UAE’s Masdar in November 2019.
Masdar reached financial close for the 100MW Navoi solar project in December 2020.
The conclusion of loan and finance agreements were signed on 24 December during a virtual online signing ceremony with representatives from Masdar, Uzbekistan’s Ministry of Investments and Foreign Trade (MIFT), the International Finance Corporation (IFC), Asian Development Bank (ADB), the World Bank Group and the European Bank for Reconstruction and Development (EBRD).
The UAE energy firm submitted the lowest tariff of $cents2.679 per kilowatt hour. The project is being developed under the IFC’s Scaling Solar Programme. Uzbekistan has set a target of developing 5GW of renewable energy by 2030, with projects to developed under the IFC Scaling Solar programme expected to contribute 1GW of the total.
Energy & Utilities recently reported that UAE-based Phanes Group had signed the power purchase agreement (PPA) and other project agreements with the Uzbekistan government to develop a 200MW photovoltaic (PV) solar plant in the Central Asian country.
The 200MW PV plant will be developed in the Navoi region of Uzbekistan.
Uzbekistan has set a target of developing 5GW of solar capacity by 2030.
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