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- New joint growth settlement builds on Masdar-Turkmenistan MoU for growth of renewable power initiatives
Abu Dhabi, United Arab Emirates: Masdar, one of many world’s main renewable power firms, has signed a joint growth settlement (JDA) with Turkmenenergo State Energy Company of the Ministry of Power of Turkmenistan (Turkmenenergo), to develop a 100 megawatt (MWac) photo voltaic photovoltaic (PV) plant, which would be the firm’s first mission in Turkmenistan.
The JDA signing was witnessed by His Excellency Serdar Berdymukhammedov, President of Turkmenistan, and HE Dr Thani bin Ahmed Al Zeyoudi, UAE Minister of State for International Commerce. The settlement was signed by Masdar Chief Govt Officer Mohammed Jameel Al Ramahi and Deputy Chairman of the Cupboard of Ministers of Turkmenistan HE Charymurat Purchekov at a ceremony held on the UAE-Turkmenistan Enterprise Discussion board in Abu Dhabi. Turkmenenergo is the state authority chargeable for the technology, transmission, and distribution of electrical energy in Turkmenistan.
The settlement builds on a Memorandum of Understanding (MoU) signed between Masdar and the Turkmenistan authorities in October 2021 to discover the event of and funding in photo voltaic and wind energy initiatives in Turkmenistan on a public-private partnership (PPP) foundation.
Deputy Chairman of the Cupboard of Ministers of Turkmenistan HE Charymurat Purchekov mentioned: “Immediately, we’ve got signed a Joint Growth Settlement for a 100 MW solar energy mission with the world-famous Masdar firm of the United Arab Emirates. We hope that this doc will mark the start of a brand new stage within the growth of the electrical energy trade of Turkmenistan by way of the development of photo voltaic and wind energy vegetation, during which this firm has amassed a big and wealthy expertise. We thank Masdar for coming into such an vital settlement with us and stay up for long-term cooperation.”
Masdar Chief Govt Officer Mohammed Jameel Al Ramahi mentioned: “As a worldwide chief in renewable power with many initiatives throughout Central Asia, Masdar has the best experience and expertise wanted to assist Turkmenistan’s growth of its renewable power sector. We welcome the signing of the JDA and hope the 100 MWac mission would be the first of many Masdar initiatives in Turkmenistan.”
Turkmenistan is seeking to modernize its power infrastructure and scale back its dependence on hydrocarbons. Whereas the nation has one of many largest gasoline reserves on this planet, it additionally has a number of pure benefits for growing renewable power assets, with ample annual daylight ranges, and robust wind currents. [AAA1]
The unique MoU was signed in a ceremony held on the Management Pavilion at Expo 2020 Dubai, within the presence of His Excellency Gurbanguly Berdymukhammedov, President of the Republic of Turkmenistan, and His Highness Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister of the United Arab Emirates and Minister of Presidential Affairs.
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About Masdar
Abu Dhabi’s renewable power firm Masdar is advancing the commercialization and deployment of renewable power, sustainable city growth and clear applied sciences to deal with world sustainability challenges. Wholly owned by Mubadala Funding Firm, the strategic funding firm of the Authorities of Abu Dhabi, our mandate is to assist keep the UAE’s management within the world power sector, whereas supporting the diversification of each its economic system and power sources for the advantage of future generations. Immediately, Masdar is lively in 40 nations, together with the UAE, Jordan, Saudi Arabia, Mauritania, Egypt, Morocco, the UK, the US, Australia, Spain, Serbia, India, Indonesia, Uzbekistan, and lots of extra.
Contacts:
E-mail: press@masdar.ae
For extra data please go to: http://www.masdar.ae and join: fb.com/masdar.ae and twitter.com/masdar
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