China Datang Overseas Investment Co. Ltd is poised to construct a solar photovoltaic power plant with a capacity of 263 MW in the Buka district of Tashkent, Uzbekistan.
The project was approved by a Resolution of the President of Uzbekistan, dated 24 May, 2024.
To secure its implementation, the Chinese company aims to attract $150 million in foreign investment and the National Electric Networks of Uzbekistan has guaranteed to purchase electrical energy generated by the new power plant for 25 years.
According to the resolution, the main objectives of the new solar plant are to ensure a stable supply of electricity to both the local population and economic sectors, reduce natural gas consumption in electricity generation, and attract foreign investment in expanding the use of renewable energy sources in Uzbekistan.
