Tashkent: Masdar, the clean energy development company based in Abu Dhabi, agreed to build a 100-megawatt photovoltaic power station in Uzbekistan’s Navoi region.
Under the agreement signed on Friday in Tashkent, Masdar will invest up to $100 million in the project, the Uzbek Ministry of Investments and Foreign trade said in a statement. Masdar will design, finance and build the plant and operate it for 25 years. Construction will start in the first quarter of 2020 and take a year.
Sardor Umurzakov, the Uzbek minister of investments and foreign trade, described the signing of the investment agreement with Masdar as a “historic” event.