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Cost of building solar power plant in Uzbekistan could reach 250 million euros

Oil&Gas Materials 17 May 2012 15:12 (UTC +04:00)
The preliminary estimated construction cost of a solar power plant in Uzbekistan could reach 250 million euros, operator of international upstream projects of Lukoil - Lukoil Overseas said.

Uzbekistan, Tashkent, May 17 /Trend D.Azizov/

The preliminary estimated construction cost of a solar power plant in Uzbekistan could reach 250 million euros, operator of international upstream projects of Lukoil - Lukoil Overseas said.

The report said Lukoil has prepared a proposal to build a 100MWsolar power plant and create a national institute of solar energy near the city of Navoi on the proposal of the government of Uzbekistan.

A draft memorandum of understanding between the Lukoil and the Government of Uzbekistan has been prepared. Proposals for adjustment of Uzbek legislation relating to alternative energy have been developed with the assistance of external consultants (Spanish Mercados).

'If these proposals are accepted by the Uzbek side, we will begin detailed development of this promising project', the report says.

It was previously reported that the concept of development of renewable energy sources (RES), the basic idea of which should be the widespread adoption of alternative sources of energy in everyday life and their development on the basis of foreign experience is being developed in Uzbekistan

In particular, Uzbekistan plans to create an institute of solar energy with the assistance of the Asian Development Bank (ADB), which will combine the functions of scientific, technical and project organisation.

According to the Centre for Economic Research (CER) of Uzbekistan, the potential of renewable energy in the country is about 51 billion tons of oil equivalent with technical capacity at 179 82.3 million tons of oil equivalent. It includes the potential of solar energy in the country where there are 300 days of sunshine a year and is about 50.973 million tons of oil equivalent.

Currently oil and gas accounts for 97 per cent of primary energy resources, 2.3 per cent - coal, 0.7 per cent - hydropower. The share of renewables in Uzbekistan does not exceed one per cent.

It is estimated that the total additional annual benefits through the development of renewable energy sources are estimated at about $5 billion.

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