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Uzbekistan receives $110m loan for solar power plant

27 Nov 2013
Uzbekistan will receive a loan of $110 million from the Asian Development Bank (ADB) to help build a 100MW solar project.

The ‘Samarkand Solar Power Project’ will be the country’s first utility-scale solar power plant and will take five years to develop and construct.

The plant is set to diversify Uzbekistan’s energy mix which is currently largely reliant on fossil fuels, as well as acting as an example for more large-scale solar power in the country.

The solar project will be managed by Uzbekenergo, the governing body for supplying electricity in Uzbekistan and which is responsible for half of central Asia’s energy generation capacity. Uzbekenergo has given the project a further $200 million of funding along with Uzbekistan’s Fund for Reconstruction and Development.

The project will be a crucial step for the Uzbekistan government’s target of 21% renewable energy generation by 2031.