Masdar wins tender for two PV solar projects in Uzbekistan

Masdar wins tender for two PV solar projects in Uzbekistan

21 May 2021

UAE-based Masdar has been selected as winning bidder to develop two photovoltaic (PV) solar projects in Uzbekistan with a combined total generation capacity of 440MW following a competitive tender. Masdar will develop 220MW PV solar IPP projects at Samarkand and Jizzakh

UAE-based Masdar has been selected as winning bidder to develop two photovoltaic (PV) solar projects in Uzbekistan with a combined total generation capacity of 440MW following a competitive tender.

Energy & Utilities reported in April that eight groups had submitted bids for the second project to be developed under the IFC’s scaling solar programme in Uzbekistan, which will involve developing PV solar parks at Samarkand and Jizzakh. The projects are being developed under the independent power producer (IPP) model.

 

Masdar was selected for the 220MW Jizzakh photovoltaic (PV) solar project with a total energy charge tariff of $cents1.823/kWh. The total tariff was comprised of a plant only energy charge of $c1.578/kWh and a PIF charge of $c0.245/kWh.

The second lowest total energy charge tariff of $c2.305/kWh had been submitted by a consortium of Jinko Power Technology (China)/ Jinko Power/ China Power.

The full list of bidders and prices can be found on the Uzbekistan Ministry of Energy’s website.

Masdar was chosen for the 220MW Samarkand PV IPP with a total energy charge tariff of $c1.791/kWh, which comprised of a plant only energy charge of $c1.570/kWh and a PIF charge of $c0.221/kWh.

The second lowest tariff for the Samarkand project of $c2.228/kWh was again submitted by the Jinko Power/China Power consortium.

The bids for the double-site project were received by Uzbekistan’s Ministry of Energy (MOE) on 16 April.

Energy & Utilities reported earlier in May 2021 that Masdar had submitted the lowest bid for the planned 200MW Sherabad PV solar IPP project in Uzbekistan.

Masdar’s bid of $cents1.8045/kWh was the only bid below $2cents/kWh. The consortium of China’s Jinko Power and China Power Holding International submitted the second lowest tariff of $cents2.1621/kWh.

Saudi Arabia’s Acwa Power submitted a tariff of $cents2.4825/kWh and a consortium of France’s Total Eren and Total Solar submitted a tariff of $cents3.3940/kWh.

The bids were opened in Tashkent on 12 May.

Uzbekistan awarded the contract to develop the country’s first solar IPP project to a consortium led by 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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