Uzbekistan

Uzbekistan

Chinese developer plans Uzbekistan site

The Chinese power firm Lioaning has announced its plans to invest about $1.8 billion in a new 1.5GW project in the Bukhara region of Uzbekistan, according to recent statements of the company and Uzbek government.

Uzbekistan passed a renewable energy law in May 2019 (pic: Jon Worth)
Uzbekistan passed a renewable energy law in May 2019 (pic: Jon Worth)

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According to the Uzbek Ministry of Foreign Affairs, the project will be built across three phasee. The first 200MW phase will require $240 million in investment.

According to results of numerous studies, the current wind capacity potential of Uzbekistan is estimated at more than 520GW.

Currently there is only one 750kW wind power plant in the country, located within the territory of Tashkent.

According to law firm Baker McKenzie, Uzbekistan introduced a new renewable energy law in May 2019.

The law sets out a competitive bidding process to determine tariffs from renewable energy projects but a pricing mechanism is yet to be decided.

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