Masdar signs agreement to develop clean energy projects in Kyrgyzstan with 1 GW capacity
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Masdar signs agreement to develop clean energy projects in Kyrgyzstan with 1 GW capacity

ABU DHABI: Masdar,
one of the world’s leading renewable energy companies, has signed an agreement
with the Kyrgyz Republic's Ministry of Energy to develop a pipeline of
renewable projects in the Central Asian nation, with a capacity of up to 1
gigawatt (GW), starting with a 200-megawatt (MW)
solar photovoltaic (PV) plant.
The implementation agreement was signed by HE Ibraev Taalaibek
Omukeevich, Minister of Energy of the Kyrgyz Republic and Mohamed Jamel Al
Ramahi, Chief Executive Officer of Masdar. The 200 MW plant is scheduled to
begin operation by 2026.
Ibraev Taalaibek Omukeevich, Minister of Energy of the Kyrgyz
Republic, said: “Today, the energy system of the Kyrgyz Republic faces
challenges meeting the significant demand for electricity from all categories
of consumers with our existing resources. At the same time, Kyrgyzstan has good
solar energy potential. The successful implementation of projects to develop
solar power plants of up to 1 GW capacity will help to ensure our nation’s
energy security. The large-scale development of the renewable energy system
will also help to improve employment, living conditions and energy supply for
the population of the republic, reduce poverty in rural areas, and improve the
level of education, as well as introduce new modern technologies.”
Mohammed
Jameel Al Ramahi, Chief Executive Officer of Masdar, said: “Masdar has
considerable experience in Central Asia and we will leverage our expertise to
support the Kyrgyz Republic’s clean energy objectives. Kyrgyzstan is blessed
with abundant solar resources and we see this 200 MW plant being the first of a
number of projects that will support the nation’s goals on emissions
reductions, while increasing clean energy access and security.”
Kyrgyzstan
is looking to reduce its greenhouse gas emissions by as much as 44 percent by
2030 and achieve carbon neutrality by 2050. While the country already generates
around 90 percent of its electricity from clean energy resources, this is
almost exclusively from aging hydropower plants. The country’s high solar
irradiation levels provide the opportunity to increase clean energy access and
security.
The implementation agreement builds upon a memorandum of
understanding signed by the two sides in April last year, in which Masdar
agreed to explore renewable energy opportunities in the Kyrgyz Republic in
support of the country’s decarbonization goals. Under the agreement, Masdar
would explore and invest in a wide range of renewable energy projects such as
ground-mounted solar PV, floating solar PV, and hydropower projects.
Masdar recently announced a new shareholding structure and
additional focus on green hydrogen, making it one of the largest clean energy
companies of its kind. With a goal of achieving 100 GW renewable energy
capacity and green hydrogen production of 1 million tonnes per annum annually
by 2030, the new Masdar is a clean energy powerhouse that will spearhead the
UAE’s Net Zero by 2050 Strategic Initiative and drive the global energy
transition.
- January 10 2023
- ENERGY OMAN MAGAZINE