Uzbekistan commits to tender 900MW of solar power

Uzbekistan has signed a mandate with the International Finance Corporation to develop up to 900MW of solar power through public-private partnerships. 

The signing follows the announcement of the winning bidder in the country’s first solar PPP for 100MW earlier this month, which achieved a tariff of just 2.7 US cents per kilowatt hour. In the coming months, Uzbekistan will launch a PPP tender for two solar projects of up to 200MW each, followed by another round for the remaining 500MW.

As transaction adviser, IFC helped the Ministry of Investment and Foreign Trade and the Ministry of Energy to design and tender the first PPP, which attracted eleven prequalified bidders and five competitive bids.