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Uzbekistan will increase the use of renewable energy, adopting a new strategy

BAKU, Azerbaijan, February 20. The President of Uzbekistan has adopted a Resolution “On measures to speed up the introduction of renewable power sources and energy-saving applied sciences in 2023”, Trend studies by way of Uzbekistan’s Energy Ministry.

According to the Resolution, Uzbekistan will put into operation massive photo voltaic and wind energy vegetation – with a capability of two,100 MW, photo voltaic panels put in on buildings and buildings of social amenities and financial entities, households – with a capability of 1,200 MW, small solar energy vegetation put in by entrepreneurs – with a capability of 550 MW.

The vegetation and panels will produce further 5 billion kWh of electrical power, by saving 4.8 billion cubic meters of pure fuel.

The financing of this undertaking amounted to about $15.4 billion. The Uzbek authorities plans to allocate $100 million from the State funds, whereas the remainder of the prices can be lined by: funds from buyers throughout the framework of public-private partnership initiatives – $13.4 billion; loans from industrial banks – $1.1 billion; funds of enterprises – $610 million; funds of overseas monetary organizations – $150 million.

Earlier in February, Uzbekistan put into operation a brand new photo voltaic energy unit with a complete capability of 1.3 MW within the Sirdaryo area’s thermal energy plant. The unit will generate a further 2.3 million kWh of electrical energy. As a outcome, 750,000 cubic meters of pure fuel can be saved and the emissions can be additionally decreased.

source: businesslend