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Abu Dhabi-based renewable power firm Masdar has signed a joint improvement settlement (JDA) with Turkmenenergo State Energy Company of the Ministry of Vitality of Turkmenistan (Turkmenenergo), to develop a 100 megawatt (MW) photo voltaic photovoltaic (PV) plant.
#Masdar is happy to announce the signing of an settlement with Turkmenenergo to develop a 100 MW #solar energy venture, our first venture in #Turkmenistan. pic.twitter.com/AM8sElxjHG
— Masdar (@Masdar) November 22, 2022
The settlement builds on a MoU signed between Masdar and the Turkmenistan Authorities in October 2021 to discover the event of photo voltaic and wind energy tasks within the nation on a public-private partnership (PPP) foundation. The plant shall be Masdar’s first venture in Turkmenistan.
“At present, we now have signed a joint improvement settlement for a 100MW solar energy venture with the Masdar firm of the United Arab Emirates. We hope that this doc will mark the start of a brand new stage within the improvement of the electrical energy business of Turkmenistan by way of the development of photo voltaic and wind energy crops, by which this firm has accrued a big and wealthy expertise,” mentioned deputy chairman of the cupboard of Ministers of Turkmenistan Charymurat Purchekov.
Turkmenistan, which has one of many largest gasoline reserves the world over, is trying to modernise its power infrastructure and scale back its dependence on hydrocarbons.
“As a world chief in renewable power with many tasks throughout Central Asia, Masdar has the proper experience and expertise wanted to help Turkmenistan’s improvement of its renewable power sector,” added Mohammed Jameel Al Ramahi, Masdar CEO.
Masdar has made appreciable efforts to ramp up its renewable power tasks throughout Central Asian international locations. It lately achieved a ‘monetary shut’ for its 230MW Garadagh photo voltaic PV plant in Azerbaijan.
Learn: Masdar pronounces monetary shut on Garadagh Photo voltaic PV Plant in Azerbaijan
Masdar additionally signed an MoU with the Kyrgyz Republic’s Ministry of Vitality to help the nation’s clean-energy goals.
Learn: UAE’s Masdar, Kyrgyzstan signal MoU to discover renewable power alternatives
Final 12 months, Masdar inaugurated the Nur Navoi Photo voltaic Mission in Uzbekistan, the primary impartial energy producer (IPP) venture within the Central Asian nation.
Learn extra: Abu Dhabi’s Masdar inaugurates 100MW Nur Navoi photo voltaic venture in Uzbekistan
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