Uzbekistan has approved the construction of two 250-MW wind power plants at a cost of $250mn in the Samarkand and Jizzakh regions by China’s Universal Energy, according to presidential resolutions published on Lex.uz on May 7.
An agreement for the plants was signed during Uzbek President Shavkat Mirziyoyev's official visit to China in late January.
Uzbekistan’s National Electric Grids had previously inked agreements with Universal Energy for the procurement of electricity spanning a 25-year horizon, commencing October 2023.
Each wind farm will come with essential infrastructure, such as power transmission lines.
Universal Energy has entrusted its subsidiaries, Peak Wind Alpha and Peak Wind Beta, with project execution. The subsidiaries have secured $18mn in guarantees from a foreign bank.
Under the contractual framework, electricity purchases and construction-related activities will be remunerated in Uzbekistani som (UZS), adhering to a fixed tariff indexed to FX.
Related Articles
ADNOC and Inpex progress to production phase of Abu Dhabi's Onshore Block 4
Abu Dhabi National Oil Co. (ADNOC) and Japan’s Inpex Corp. (Inpex) have moved forward to the production phase of the emirate’s Onshore Block 4 concession, which is estimated to hold around 1bn ... more
Venezuela’s oil exports hold steady as China offsets US sanctions hit
The OPEC country exported an average of 770,000 barrels per day in May WHAT Venezuela’s exports of crude have been holding steady WHY Higher exports to China have helped offset US sanctions ... more
China-Africa trade soars 12.4% in first five months of 2025
China-Africa trade surged 12.4% in the first five months of 2025 to $134bn, but the African continent accounted for only 5.4% of the Asian powerhouse’s total foreign trade, data from China’s ... more