Phanes Group signs agreements to develop 200 MWАС solar power plant in Uzbekistan

Dubai-based Phanes Group, has signed a power purchase agreement (PPA) and investment agreement (IA) for developing a 200 MWАС grid-connected solar PV plant in Nurata, Navoi Region.  

Phanes Group has signed the PPA with National Electric Grid of Uzbekistan and IA with the Ministry of Investment and Foreign Trade for the project. The agreements includes the technical and commercial terms for building, owning and operating a 200 MWAC solar PV project including facilities connecting to Khimiya 220/110 kV substation. The ground-mounted project will significantly increase Uzbekistan’s current solar PV installed capacity and contribute to the Government’s plans to boost energy generation capacity to 30 GW, including 5 GW of solar by 2030.