On May 7, a presidential decree approved investment agreements for the construction of two wind power plants in the Samarkand and Jizzakh regions.
Photo: EBRD
Investment agreements with the Chinese company Universal Energy were signed on January 25. The contractors for the projects will be Universal Energy’s subsidiaries Peak Wind Alpha and Peak Wind Beta. As security for the project, they provided guarantees from a foreign bank totaling $18 million.
As part of each project, it is planned to build wind power plants with a capacity of 250 MW, as well as power transmission lines. The investor intends to allocate $250 million for the implementation of each project.
The electricity generated from these wind farms is guaranteed to be sold to the National Electric Grids of Uzbekistan, which undertake a purchase obligation for 25 years.
