Asian Development Bank to support Uzbekistan solar power plant

The Asian Development Bank (ADB) will provide a loan totaling US$110 million for a 100-megawatt solar power plant in Samarkand, Uzbekistan that will promote large scale solar energy development in the country.

“This project will be the largest of its kind in Central Asia and one of the largest in the world,” ADB President Takehiko Nakao said during the 6th meeting of the Asia Solar Energy Forum in Tashkent . ”

Uzbekistan has a large land mass, plenty of sunshine, and the highly skilled and educated human resources needed to become a major player in solar energy development in this region.”

The Samarkand Solar Power Project will help Uzbekistan, one of the most energy and carbon intensive countries in the world, tackle power outages, diversify its energy sources, and cut greenhouse gas emissions.

Nearly 90% of the country’s power is currently generated from fossil fuel-based plants and require major investments to replace or upgrade.Tashkent is proving to be a centre for holding major international events.

This time the capital of Uzbekistan is hosting participants in the 6th meeting of Asia Solar Energy Forum.
President of the Republic of Uzbekistan Islam Karimov met with President of the Asian Development Bank Takehiko Nakao at the Oqsaroy on November 21.

Greeting the guest, the head of our state underscored the robust and reliable foundation of cooperation garnered with the Asian Development Bank (ADB) that has been providing a considerable support for the economic reforms and structural transformation in Uzbekistan.