The World Bank Allocates $3.5 Million to Uzbekistan

Uzbekistan

With the support of the World Bank Group, Uzbekistan will launch a new solar power plant in the Khorezm region. The World Bank has approved a $3.5 million financing in the form of a bank guarantee for Uzbekistan.

The World Bank Allocates $3.5 Million to Uzbekistan
This guarantee ensures the timely fulfillment of payment obligations for the electricity produced by the new 100 MW solar power plant to be purchased by the state-owned company "Uzbekistan National Electric Networks." The construction and operation of the facility in the Khorezm region will be managed by France’s Voltalia company.

The solar power station is scheduled to be launched in November 2025. It will occupy 177 hectares and is expected to generate over 240 gigawatt-hours of renewable energy annually. Its operation will reduce carbon dioxide emissions by over 230,000 tons per year and will supply clean energy to nearly 60,000 households.

The project will significantly contribute to the country's efforts to increase clean energy production and transition to a "green" economy.

“The World Bank Group is supporting Uzbekistan's energy needs in line with the 'Uzbekistan-2030' strategy and helping increase renewable energy sources to 25 GW by 2030, which will account for 40% of the country's electricity consumption by the end of the decade,” said Tatiana Proskuryakova, the World Bank’s Regional Director for Central Asia.

This is the first such large project in Khorezm. Once operational, the energy production capacity in the region will increase by 30%, reaching 424 MW. Specifically, the annual electricity demand of 135 million kilowatt-hours in the Tuproqqala district will be fully met.

Voltalia, a French company, has extensive experience in the construction of renewable energy facilities. Currently, it is executing investment projects worth more than $10 billion in 20 countries worldwide.

Powered by Froala Editor

Share with friends