Touna Solar Power Station

EQS-News: Phanes Group signs both Power Purchase Agreement and Investment Agreement to develop 200 MWАС solar power plant in Uzbekistan

Retrieved on: 
Tuesday, April 6, 2021
Power purchase agreement, Pricing, Renewable energy policy, Photovoltaic system, Energy, Touna Solar Power Station

Dubai - UAE, 6 April 2021: Phanes Group (www.PhanesGroup.com), an international solar energy developer, headquartered in Dubai, signed a Power Purchase Agreement (PPA) and Investment Agreement (IA) for a 200 MW grid-connected solar PV plant in Nurata, Navoi Region.

Key Points: 
  • Dubai - UAE, 6 April 2021: Phanes Group (www.PhanesGroup.com), an international solar energy developer, headquartered in Dubai, signed a Power Purchase Agreement (PPA) and Investment Agreement (IA) for a 200 MW grid-connected solar PV plant in Nurata, Navoi Region.
  • The signing of the PPA with National Electric Grid of Uzbekistan, IA with the Ministry of Investment and Foreign Trade, with Phanes Group took place on 1 April 2021.
  • "We welcome today's Power Purchase and Investment Agreements between the Government of Uzbekistan and Phanes Group.
  • Ravnaq-bank JSC will act as a coordinator between Phanes Group, the international developer of solar energy, and the state organizations of Uzbekistan.