NEWS AND EVENTS
November 26, 2013
ADB provides $100 million to Uzbekistan for the construction of the first solar power plant in Central Asia
The Asian Development Bank (ADB) has allocated a loan of $110 million for construction a solar power plant of 100 MW in Samarkand region of Uzbekistan, which will contribute to large-scale development of solar energy use in the country.
\"This project will be the largest of its kind in Central Asia and one of the largest in the world\", - said the President of ADB, Takehiko Nakao.
- Uzbekistan has a large land resources, abundant sunshine and a highly skilled and educated human resources necessary for the emergence of the country as a major player in the of solar energy development in the region\".
The project of a solar power plant in the Samarkand region will allow Uzbekistan - one of the countries with large reserves of hydrocarbons and energy in the world - to diversify its energy resources and reduce greenhouse gas emissions.
Uzbekistan has abundant sunshine and the power plant, based on the most advanced photovoltaic technology, will enable the government of Uzbekistan to expand the use of renewable energy sources in the energy sector. The government plans to generate by 2031 about 21% of its energy needs from renewable energy sources, including solar.
The project includes training and other assistance to UzbekEnergo in order to build capacity of the company in the management of power plants and other solar systems. ADB will also assist in capacity building of its other partners, in particular the International Institute for Solar Energy. The Institute will allow Uzbekistan to achieve its goal to become the regional center of knowledge and technologies in solar energy.
The Project will be financed with the resources of the Asian Development Fund, the Fund for Reconstruction and Development of Uzbekistan ($200 million) and UzbekEnergo. The project implementation period is five years with an expected completion date of March 2019.
We remind that Asian Forum of solar energy was established in September 2012, which promotes the exchange of knowledge on solar energy in the Asia-Pacific region. The participants of the forum are government officials, project developers, equipment manufacturers, borrowers, employees of international financial institutions and others.
The Forum aims to study the latest technological trends and opportunities for the development of solar energy in the region.
ADB is a co-organizer of the Forum, which is for the first time to be held in Central Asia, and the first time it involves delegations from the African continent and international financial institutions. The Forum called upon the ADB member countries in the region with the largest solar energy resources, such as Afghanistan, Pakistan and Turkmenistan, to develop their solar energy potential.
The ADB was founded in 1966, it has 67 members, 48 of which are within the region. In 2012, the ADB total assistance amounted to $21.6 billion, including co-financing in the amount of $8.3 billion.