In recent news, Nur Bukhara Solar has secured a 25-year power purchase agreement (PPA) with Uzbekistan’s state-owned electricity grid to sell electricity generated by the plant. Additionally, the company has committed to managing the Battery Energy Storage System (BESS) component of the project for the next decade. The plant will be constructed in the Bukhara region in southern Uzbekistan, near the Turkmenistan border. However, a specific timeline for the project’s construction and commissioning has not been provided.
The financing for this project includes loans totaling US$53 million from the World Bank’s International Finance Corporation (IFC), as well as loans amounting to US$106 million from the Asian Development Bank (ADB), Dutch Entrepreneurial Development Bank, and the Japan International Cooperation Agency. These financial arrangements will support the development and implementation of the project.
For more information on this exciting development in renewable energy, you can read our affiliate site PV Tech’s original article on the subject.
