China’s Universal Energy to build two 250-MW wind power plants in Uzbekistan

By Mokhi Sultanova in Tashkent May 12, 2024

Uzbekistan has approved the construction of two 250-MW wind power plants at a cost of $250mn in the Samarkand and Jizzakh regions by China’s Universal Energy, according to presidential resolutions published on on May 7.

An agreement for the plants was signed during Uzbek President Shavkat Mirziyoyev's official visit to China in late January.

Uzbekistan’s National Electric Grids had previously inked agreements with Universal Energy for the procurement of electricity spanning a 25-year horizon, commencing October 2023.

Each wind farm will come with essential infrastructure, such as power transmission lines.

Universal Energy has entrusted its subsidiaries, Peak Wind Alpha and Peak Wind Beta, with project execution. The subsidiaries have secured $18mn in guarantees from a foreign bank.

Under the contractual framework, electricity purchases and construction-related activities will be remunerated in Uzbekistani som (UZS), adhering to a fixed tariff indexed to FX. 

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