UAE company Masdar plans to build a 2-GW wind farm and energy storage facility for $2.6bn in Uzbekistan, the country's ministry for investment, industry and trade (MIIT) has announced.
On December 27, Uzbek officials and Masdar signed investment agreements for the construction of the 1,150-MW project.
"This project will increase electricity generation by 7bn kWh and provide more than one million households with electricity," MIIT said.
It noted that the construction of energy storage facilities stabilises the operation of the power grid. This helps to offset the difference between supply and demand during peak hours.
MIIT and Uzbekistan’s National Electric Networks have also signed agreements with the Chinese Gezhouba Group on the use of energy storage systems.
According to Feruz Kurbonov, deputy chairman of National Electric Networks, batteries will be installed in eight regions to provide electricity at night.
Uzbek President Shavkat Mirziyoyev, meanwhile, has announced preparations are now under way for the construction of 22 solar and wind power plants with a capacity of 9 GW. By 2030, green generation sources will provide 27 GW, the president added.
Related Articles
Egypt and Russia finalise key agreements for Dabaa Nuclear Power Plant
Egypt has signed an agreement with Russia’s Rosatom to secure the nuclear fuel supply for Unit 1 of the Dabaa Nuclear Power Plant, Al Ahram reported on November 19. Officials said the agreement ... more
Egypt launches international bid round for gas exploration in Red Sea
Egypt’s Ministry of Petroleum and Mineral Resources has launched a new international bid round for oil and gas exploration in four offshore blocks in the Red Sea, according to Al Youm Al Sabea, ... more
BP expands gas output in Egypt’s West Nile Delta with new well start-up
British energy major BP (LSE, NYSE:BP) has started up the RW5 gas well in Egypt’s West Nile Delta (WND) project, adding around 80mn cubic feet per day of additional supply, Al Mal reported on ... more
Most Read
-
India’s smart metering push gains momentum
4 months ago
-
The birth of a Kazakh banking empire: ATF Bank
3 years ago