The energy produced by the company will be purchased by the National Electric Grid of Uzbekistan.
Phanes Group will build a photovoltaic plant in Navoi region, Spot said referring to the press service of the Energy Ministry. The energy produced by the company will be purchased by the National Electric Grid of Uzbekistan.
The signed PVP Investment Agreement (IA) and Power Purchase Agreement (PPA) include the technical and commercial conditions for the construction, ownership and operation of a 200 MW AC solar PV plant, as well as a 60 km length to a 220/110 kV substation.
The Phanes Group is an international solar project development, investment and asset management company headquartered in Dubai, UAE. The Phanes Group, founded in 2012, takes a holistic approach that combines financial and engineering expertise to provide turnkey solar solutions.
Today, the company’s contribution to clean energy exceeds 130 MW. In addition, an additional 3.5 GW is in the development or planning stage, including a portfolio of 922 MW projects in Central Asia and the CIS.