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The first solar power plant with batteries in Central Asia will be built in the Bukhara region
The financing package includes $26.5 million from ADB's conventional capital resources and $20 million from Asia's Leading Private Infrastructure Fund managed by ADB. ADB has additionally mobilized $26.5 million from the Japan International Cooperation Agency. The International Finance Corporation (IFC), together with the Mixed Climate Finance Program of Canada and IFC and the Dutch Enterprise Development Bank, are parallel creditors.
Uzbekistan is at the forefront of promoting renewable energy in the region, aiming to produce a quarter of its electricity from environmentally friendly sources by 2030. The facility will be able to generate 250 megawatts and store 126 megawatt-hours of energy. The financing will also be directed to the construction of a 20-kilovolt substation and a 3.1-kilometer-long power transmission line to connect to the power grid.
Nur-Bukhara will use bi-directional solar photovoltaic modules with uniaxial tracking to increase energy production and reduce the cost of a kilowatt-hour. The power plant will produce 555 gigawatt-hours of clean energy per year to provide electricity to 55,000 households. ASXR will allow for on-demand storage and delivery of electricity, reducing network instability and providing flexibility for the integration of intermittent solar resources. The generated electricity will be sold exclusively to the National Electric Networks of Uzbekistan.
