Phanes Group to build a photovoltaic station in Navoi region
06/04/2021 12:11
Phanes Group to build a photovoltaic station in Navoi region
06/04/2021 12:11
Tashkent, Uzbekistan (UzDaily.com) - The Ministry of Energy announces the signing of an Investment Agreement with the international company Phanes Group for the construction of a solar photovoltaic station (PVP) in Nurata district of Navoi region.
Also during the ceremony, Phanes Group and JSC National Electric Grids of Uzbekistan signed an Agreement on the purchase of electricity.
“We welcome today’s power purchase and investment agreements between the government of Uzbekistan and the Phanes Group. Our country is firmly committed to a strategy to reduce carbon emissions and increase the share of renewables in our energy mix. Solar energy is an important part of this strategy and the Phanes Group’s help will contribute to the success of this project,” - said the Deputy Minister of Energy of Uzbekistan Sherzod Khodjaev.
“Uzbekistan received the title of the country of the year according to the Economist magazine in 2019, this country is a dynamically developing state in Central Asia,” said Martin Haupz, CEO of Phanes Group. “With this agreement, Phanes Group shares the vision of Uzbekistan’s pursuit of clean energy and achieving its climate targets to reduce greenhouse gas emissions and reduce dependence on fossil fuels.”
The PVP Investment Agreement (IA) and the Power Purchase Agreement (PPA) signed between Phanes Group and the Government of Uzbekistan include the technical and commercial conditions for the construction, ownership and operation of a 200 MW AC solar PV plant, as well as a 60 km long substations 220/110 kV.
Ravnak Bank will support the implementation of projects in Uzbekistan for the Phanes Group, an international developer in the field of solar energy. The basis for such a partnership is a memorandum of cooperation in the implementation of projects and initiatives, signed between Ravnak Bank and Phanes Group.
“Today, renewable energy sources are of great interest to the industry community, and Uzbekistan also strives to follow modern trends in the development of the electric power industry; Moreover, our country has great natural, technical and economic potential for large-scale implementation of such projects. " said Iskandar Bakhtinurovich Tursunov, General Director of Ravnak Bank JSC.
The Phanes Group is an international solar project development, investment and asset management company headquartered in Dubai, UAE. Founded in 2012, the Phanes Group takes a holistic approach that combines financial and engineering expertise to provide turnkey solar solutions.
The Phanes Group has a growing portfolio of investments and developments in the solar energy sector, with a geographic presence spanning many countries. The company places particular emphasis on emerging markets, especially in the countries of Africa, the Middle East, Central Asia and the countries of the Commonwealth of Independent States (CIS).
Today, the company’s contribution to clean energy exceeds 130 MW. In addition, an additional 3.5 GW is in the development or planning stage, including a portfolio of 922 MW projects in Central Asia and the CIS.
Oryx Solar System Solutions LLC, a specialized construction subsidiary of the Phanes Group, is dedicated to project delivery and operations and maintenance, further proving our technical competitive edge.
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