• Sign in
  • 1744009905_435.svg 1744009905_642.svg

  • Latest news
  • Top headlines
  • Most read
  • Columnists
O'zbekcha
Ўзбекча
Русский
  • O'zb
  • Ўзб
  • Рус
  • Eng
  • O'zb
  • Ўзб
  • Рус
  • Eng
  • Latest news
  • Top headlines
  • Most read
  • Columnists
    • USD12768.26
    • RUB162.63
    • EUR14400.04
    • Google play
    • App Store
    • Telegram
    • Tashkent
      +22°C
      • Andijan
      • Karshi
      • Bukhara
      • Samarkand
      • Ferghana
      • Sirdarya
      • Jizzakh
      • Termez
      • Namangan
      • Tashkent
      • Navoiy
      • Tashkent reg
      • Nukus
      • Urgench
    • Daryo
      • About Daryo
      • Editorial office
      • Contact us
      • Terms of use
      • Privacy policy
      • News archive
    • Advertisement
    • Social networks
      • Instagram | Main
      • Instagram | Lifestyle
      • Instagram | Sport
      • Facebook | Main
      • OK | Main
      • YouTube | Daryo
      • YouTube | Daryo in Russian
      • YouTube | Daryo Global
    Telegram Youtube Facebook Instagram Twitter vkontakte
    Daryo logo white
    • Uzbekistan
      • Others
      • Navoi
      • Tashkent region
      • Syrdarya
      • Jizzakh
      • Kashkadarya
      • Surkhandarya
      • Khorezm
      • Bukhara
      • Samarkand
      • Namangan
      • Fergana
      • Andijan
      • Karakalpakstan
      • Tashkent City
      • DaryoKindness
      • Weather
    • Central Asia
      • Uzbekistan
      • Afghanistan
      • Kyrgyzstan
      • Kazakhstan
      • Turkmenistan
      • Tajikistan
    • World
    • Money
      • Business
      • Economics
      • Finance
      • Crypto
    • Culture
      • Movies
      • Books
      • Music
      • Celebrities
    • Lifestyle
      • Women only
        • Children
        • Beauty
        • Carrier
        • Advises
        • Fashion
        • Recipes
      • Technology
        • Architecture
        • Gadjets
        • Science
        • Space
        • Media
      • Auto
      • Entertainment
      • Travel
      • Health
      • Education
        • Entrant
        • Learn english
    • Sport
      • Football
      • UFC
      • Boxing
    infinix
    Daryo.uz - Login
    Daryo.uz Daryo.uz
    Daryo.uz - Login
    Uzbekistan

    Uzbekistan greenlights construction of two 250 MW wind farms in partnership with Universal Energy

    Uzbekistan greenlights construction of two 250 MW wind farms in partnership with Universal Energy

    Uzbekistan has greenlit the construction of two wind power plants in the Samarkand and Jizzakh regions. The approval came from President Shavkat Mirziyoyev, as outlined in recent presidential resolutions published in Lex.uz.

    Photo: Universal Energy partners with Uzbekistan for wind farm projects
    Source: Google Images

     

    The agreement, marking a crucial step in Uzbekistan's renewable energy ambitions, was inked with Universal Energy, a prominent player in the energy sector. The investment agreements were sealed on January 25, coinciding with the Uzbekistan head's visit to China. 

    National Electric Grids had previously secured agreements with Universal Energy for the purchase of electricity over a 25-year period, dating back to October 2023.

    Each wind farm project is slated to boast a capacity of 250 MW, alongside the requisite infrastructure including power transmission lines. The venture is set to draw $250mn in investments, signifying a substantial commitment towards bolstering the country's renewable energy portfolio.

    Universal Energy's subsidiaries, Peak Wind Alpha and Peak Wind Beta, will spearhead the execution of the projects as appointed contractors. To underscore their commitment to project integrity and success, the subsidiaries have furnished guarantees from a foreign bank amounting to $18mn.

    As part of the contractual arrangements, purchases of electricity and construction-related endeavors will be remunerated in UZS, adhering to a fixed tariff denominated in foreign currency. Furthermore, project entities have been granted permission to operate bank accounts in foreign financial institutions to facilitate foreign exchange transactions.

    This announcement follows Universal Energy's prior involvement in the tender for a wind farm project in the Beruni district of Karakalpakstan in 2023, where Saudi Arabian firm ACWA Power clinched the winning bid. Moreover, recent reports indicate a burgeoning interest in Uzbekistan's renewable energy sector, with Chinese company Goldwind poised to establish local production facilities for wind turbine components.

     

    Follow Daryo's official Instagram and Twitter pages to keep current on world news.

    10.05.2024, 12:30   Comments (0)   2346
    Facebook Twitter LinkedIn Telegram Email

    Comments (0)

    Sign in
    Leave A Reply Cancel

    On this topic

    Chinese Goldwind eyes localizing wind power plant production in Uzbekistan 

    03.05.2024, 17:53

    Uzbekistan-China energy internship program launches for cross-border cooperation 

    07.05.2024, 14:20

    Uzbekistan and China sign MoU on social protection cooperation

    08.05.2024, 17:29

    Avesta Investment Group drives dialogue on foreign investment in Uzbekistan at TIIF-2024 

    10.05.2024, 10:30

    EU-Uzbekistan to mark 30 years of partnership with grand festival and concert in Tashkent 

    10.05.2024, 08:31

    Uzbekistan and Russia leaders discuss bilateral cooperation

    09.05.2024, 21:26
    ×Lightbox Image
     

    Recommended

    "We wouldn’t have won without U.S. aid" – The hidden truths behind the USSR’s World War II victory

    12 May, 15:39

    Uzbekistan's banking deposits surge to $25.2bn in March

    8 May, 17:24

    Uzbekistan to host 59th ADB Annual Meeting in Samarkand for second time

    8 May, 11:26

    Uzbekistan sees rise in cross-border travel as outbound tourism jumps 20%

    7 May, 12:38
     
     
     

    Latest news

    Kyrgyzstan open to global cooperation in fintech and digital economy, says PM Kasymaliev

    Kyrgyzstan | 30 May, 17:39

    Tashkent ranks among Central Asia’s top 3 cities in Global Cities Index 2025

    Uzbekistan | 30 May, 15:07

    Uzbeks migrating to Khanty-Mansi region are returning to their ancestral lands, says Russian MP

    Uzbekistan | 30 May, 14:00

    Kazakhstan and Italy explore investment fund to advance agro-industrial complex

    Kazakhstan | 30 May, 13:05

    Uzbekistan, Pakistan explore joint textile production as Yunus Textile Mills eyes investment opportunities

    Uzbekistan | 30 May, 12:00

    Uzbekistan’s banking sector sees NPLs ease to 4.2%

    Uzbekistan | 30 May, 10:43

    Kazakhstan and Uzbekistan to establish pediatric cancer center

    Uzbekistan | 30 May, 09:00

    Kazakhstan, Germany expand partnership in trade, energy, and investment

    Kazakhstan | 29 May, 17:25
    Daryo About Us

    Full reproduction or partial quoting of material, as well as the use of photographic, graphic, audio and/or video materials of Daryo (the Uzbek Press and Information Agency (UzAPI, now the Agency for Information and Mass Communications under the Presidential Administration of the Republic of Uzbekistan) is registered on 13.03.2015 with certificate number No. 0944 as a mass media) is allowed if there is a hyperlink to the website daryo.uz and/or are accompanied by a note indicating the authorship of the online publication Daryo. Individual publications may contain information that is not intended for users under the age of 18. Info@daryo.uz

    Telegram Youtube Facebook Instagram Twitter vkontakte

    © Simple Networking Solutions, 2013–2025

    Age restriction

    Did you find a bug? Press Ctrl + Enter

    • Terms of use
    • Privacy policy
    • Advertisement
    What are we going to search for?

    Sign In or Register

    Welcome Back!

    Login below or Register Now.

    Google

    or with email

    Leaving a comment, Пользовательского соглашения and Политики конфиденциальности

    Register Now

    Already registered? Login.

    Google

    or with email

    A password will be e-mailed to you.

    Leaving a comment, Пользовательского соглашения and Политики конфиденциальности

    Found an error in the text?

    ×

    Thank you. We have received your message and will fix the error as soon as possible.