By Swann Bigot, legal expert and author, Eurasia Network – October 6, 2019
Streets of Samarkand with blue tiles, Uzbekistan – Photo credit : Pixabay
The energy company Total Eren will build a 100 MW solar power station in Uzbekistan.
The photovoltaic plant will be built through a public-private partnership. The station will be located in the Samarkand region. The construction will start in the first quarter of 2020 and the commissioning is scheduled in the first quarter of 2021.
The 100 MW PV plant will generate enough electricity to supply 150,000 people.
This is the first large-scale project in the field of renewable energy and the first project implemented through a public-private partnership in Uzbekistan.
The announced investment in the project amounts to EUR 150 million.
Total Eren will carry out the design, the financing, the construction and the operation of the solar power station for the entire project implementation period (25 years).
The company National Electric Networks of Uzbekistan and Total Eren signed on September 13 in Tashkent a 25-year power purchase agreement (PPA).
Fabienne Demol, Executive Vice President and Responsible for Business Development of Total Eren, Sardor Umurzakov, Minister of Investment and Foreign Trade, Shukhrat Vafaev, Deputy Minister of Investment and Foreign Trade, as well as Dadajon Isakulov, Chairman of the state-owned National Electric Networks of Uzbekistan attended the event.
In October 2018 a cooperation agreement between the Government of Uzbekistan and Total Eren over the construction of photovoltaic stations was signed during the official visit of Shavkat Mirziyoyev, President of Uzbekistan, in the French Republic.
Total Eren is a company based in Paris and founded in 2012 as a subsidiary of Eren Group, based in Luxembourg. The French Total S.A. acquired in December 2017 an indirect 23% share in Total Eren. In 2019, Total S.A. increased its stake to close to 30% (directly and indirectly).
Total Eren develops, finances, invests in, builds and operates renewable energy power plants on the long term in the global market. The portfolio of implemented investment projects of the company now includes more than 2,400 MW of installed renewable energy capacity, as well as more than 2,000 MW of capacity at the development stage.
Last July Total Eren announced its entry in Kazakhstan with 128 MW of solar photovoltaic projects.
Uzbekistan became the 5th country to join the Scaling Solar program last June, after four African countries. The Government of Uzbekistan wants to develop up to 1 GW of solar power and signed a mandate in May 2018 with the International Finance Corporation (IFC), a member of the World Bank Group, for a 100 MW solar power project in the Navoi region.
Scaling Solar is a World Bank Group product that helps emerging markets by providing Governments with selection and development of large-scale solar power projects along with private funding. The program includes a comprehensive package of technical assistance, sample documents, pre-approved financing, tender procedures, insurance products, risk management, guarantees. Scaling Solar aims at making grid-connected solar projects operational within two years and at competitive tariffs.
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© Copyright 2019 – Swann Bigot, legal expert and author.