The OPEC Fund for International Development (OPEC Fund) has entered into two loan agreements worth US$20m each with Saudi Arabia’s ACWA Power to support the construction and operation of two 500 MW wind power plants located in the Bukhara region of Uzbekistan.
The loan agreement for the 500 MW Dzhankeldy wind project, which is expected to generate 1.55 TWh/year of power, will support the development of the plant's infrastructure, including its construction, operation, and maintenance, as well as the development of 128 km transmission infrastructure. The 500 MW Bash wind power plant will generate more than 1.65 TWh/year of electricity and include the construction and installation of 160 km transmission infrastructure. Together, the two plants are expected to offset emissions by 1,800 MtCO2/year.
At the end of 2021, Uzbekistan had only 1 MW of installed wind capacity and 104 MW of solar capacity. However, Uzbekistan targets 8 GW of solar and wind capacity by 2026 and 12 GW by 2030. The country is planning to build at least 5 GW of solar, 3 GW of wind, and 1.9 GW of hydropower capacities by 2030 to cover 25% of the power mix (up from 10% in 2019). Uzbekistan also plans to reach carbon neutrality by 2050.
Interested in Power Plants?
Enerdata has developed a market research service to screen, monitor and analyse the development of power generation assets.
Power Plant Tracker offers an interactive database and a powerful search engine covering power plants worldwide – including both installed and planned capacities for renewables and fossil fuels.