The new 500-megawatt wind power plant will be built in Uzbekistan under a deal between the Uzbekistani Ministry of Investments and Foreign Trade and Masdar Company from the United Arab Emirates.
In terms of the contract, the value of investments is about $600 million. After the project will be completed, about 1,300 new jobs will be created.
The construction should start before the end of this year. As expected the first stage, a 250-megawatt power plant, should be launched in the mid of 2022 and the whole project will be over in 2023.
Officials expected the wind power plant to produce 1.9 gigawatt/hour of electricity per year. This is an equivalent of power consumption for 500,000 households. This is a completely new source of energy for Uzbekistan and local authorities hope that the energy budget of Uzbekistan will benefit from the new wind power plant.
Actually, this is the second project by Masdar in Uzbekistan. In October 2019, the company won bidding for the construction of a 100-megawatt solar power plant in the Navoiy Region of the country.
Also, as Kursiv edition wrote earlier, the construction of another 100-megawatt solar power plant might start in the Samarqand Region of Uzbekistan. The deal was signed between the country’s government, local design company Tutly Solar Ltd. and French firm Total Eren SA and was already approved by President Shavkat Mirziyoyev's edict.