Masdar, the UAE-based world renewable vitality firm, has signed a joint growth settlement with Turkmenenergo State Energy Company of the Ministry of Power of Turkmenistan (Turkmenenergo), to develop a 100-megawatt (MW) photo voltaic photovoltaic ( PV) plant, which is the corporate’s first undertaking in Turkmenistan.
In an announcement, Masdar mentioned that JDA builds on a Memorandum of Understanding signed between Masdar and the federal government of Turkmenistan in October 2021 to discover the event and funding of photo voltaic and wind energy initiatives in Turkmenistan in a public-private partnership (PPP) foundation .
It was signed by Masdar Chief Government Officer Mohammed Jameel Al Ramahi and Deputy Chairman of the Cupboard of Ministers of Turkmenistan Charymurat Purchekov in a ceremony held on the UAE-Turkmenistan Enterprise Discussion board in Abu Dhabi. Turkmenenergo is the state authority answerable for the era, transmission, and distribution of electrical energy in Turkmenistan.
Serdar Berdymukhammedov, President of Turkmenistan, and Dr Thani bin Ahmed Al Zeyoudi, UAE Minister of State for International Commerce, witnessed the signing.
The Deputy Chairman of the Cupboard of Ministers of Turkmenistan Charymurat Purchekov mentioned: “We’ve signed a Joint Growth Settlement for a 100-MW solar energy undertaking with the well-known Masdar firm of the United Arab Emirates.
“We hope that this doc will mark the start of a brand new stage within the growth of the electrical energy trade in Turkmenistan by means of the development of photo voltaic and wind energy crops, the place this firm has gathered a big and wealthy expertise. We thank Masdar for coming into into an necessary settlement with us and sit up for a long-term cooperation.
Diversifying Turkmenistan’s Power Combine
Turkmenistan is searching for to modernize its vitality infrastructure and scale back its dependence on hydrocarbons. Whereas the nation has one of many largest gasoline reserves on the earth, it additionally has many pure benefits for the event of renewable vitality sources, with massive annual ranges of daylight, and powerful currents. within the air.
Mohammed Jameel Al Ramahi added: “As a world chief in renewable vitality with many initiatives throughout Central Asia, Masdar has the precise expertise and expertise wanted to assist Turkmenistan’s growth of its renewable vitality sector.
“We welcome the signing of the JDA and hope that the 100MW undertaking would be the first of many Masdar initiatives in Turkmenistan,” he concluded.
