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    World

    Voltalia secures $34mn from EBRD for pioneering Uzbekistan project

    Voltalia secures $34mn from EBRD for pioneering Uzbekistan project

    Voltalia, a renowned French company, is planning to receive $34mn from the European Bank for Reconstruction and Development (EBRD) for a project in Uzbekistan. This strategic move is set to bolster the renewable energy sector in the region, marking a significant milestone in the country’s transition towards sustainable energy.

    Photo: Voltalia to construct 123 MW plant with $34mn EBRD funding
    Source: Spot.uz

    Project overview

    The funds are intended for the construction of a solar photovoltaic power plant as part of the project in Khorezm. Voltalia plans to build the power plant in Sarymai, following a tender that it won at the end of 2022. Initially, the competition indicated a capacity of 100 MW but plans to increase it to 123 MW were later revealed.

    The EBRD’s planned allocation of $34mn for the project is expected to cover 40% of the estimated project cost, which stands at about $85mn. The funds will be received by the project company Sarimay Solar, a specialized subsidiary of Voltalia.
    Photo: Voltalia plans 100 MW wind farm and battery system in major renewable push
    Source: Freepik

    As reported at the signing ceremony in November, the company plans to build a 100 MW wind farm and a battery system as part of the project.

    Voltalia’s continued commitment to Uzbekistan

    Voltalia is also working on another project in Uzbekistan. In November 2022, it issued a preliminary agreement for the construction of a hybrid power plant with a total capacity of 400 MW with an energy storage system in the Navoi region. This project underscores Voltalia’s continued commitment to expanding its renewable energy footprint in Uzbekistan. 

    Photo: EBRD considers $140mn loan for ACWA Power
    Source: Daryo

    EBRD’s ongoing support for renewable energy

    In addition to Voltalia’s project, the EBRD is currently considering a loan of up to $140mn for ACWA Power. The funds will be directed towards the creation of one of the photovoltaic power plants in the capital region, a project which the Saudi company agreed on in March.

     

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    25.12.2023, 12:54   Comments (0)   2368
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