Turkmenistan's state power corporation Turkmenenergo and United Arab Emirates Masdar and are currently developing a 100 MW solar plant in Turkmenistan. The new project follows the recent. Contact online >>
Turkmenistan''s state power corporation Turkmenenergo and United Arab Emirates Masdar and are currently developing a 100 MW solar plant in Turkmenistan. The new project follows the recent...
UAE-based energy firm Masdar has signed a joint development agreement (JDA) with Turkmenistan''s state-owned power company Turkmenenergo to build a 100MWac solar photovoltaic (PV) plant. The JDA builds on a memorandum of understanding (MoU) signed last October between Masdar and the Turkmenistan government.
Abu Dhabi: Renewable energy company Masdar has signed a joint development agreement with Turkmenenergo State Power Corporation of the Ministry of Energy of Turkmenistan to develop a 100 megawatt solar photovoltaic (PV) plant, which will be the company''s first project in the country.
Masdar, one of the world''s leading renewable energy companies, has signed a joint development agreement (JDA) with Turkmenenergo State Power Corporation of the Ministry of Energy of Turkmenistan, to develop a 100 megawatt (MW) solar photovoltaic (PV) plant, which will be the company''s first project in Turkmenistan.
Masdar, one of the world''s leading renewable energy companies, has signed a joint development agreement (JDA) with Turkmenenergo State Power Corporation of the Ministry of Energy of Turkmenistan (Turkmenenergo), to develop a 100 megawatt (MWac) solar photovoltaic (PV) plant, which will be the company''s first project in Turkmenistan.
The JDA builds on a memorandum of understanding (MoU) signed last October between Masdar and the Turkmenistan government.
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Under the MoU, the two companies agreed to explore development and investment opportunities in solar and wind power projects on a public-private partnership basis.
The solar PV plant is also Masdar''s first project in Turkmenistan.
Masdar CEO Mohammed Jameel Al Ramahi said: "As a global leader in renewable energy with many projects across Central Asia, Masdar has the right expertise and experience needed to support Turkmenistan''s development of its renewable energy sector.
"We welcome the signing of the JDA and hope the 100MWac project will be the first of many Masdar projects in Turkmenistan."
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The project is in line with Turkmenistan’s goal to upgrade its energy infrastructure and reduce its dependence on hydrocarbons.
Turkmenistan Cabinet of Ministers deputy chairman Charymurat Purchekov said: “Today, we have signed a joint development agreement for a 100MW solar power project with the world-famous Masdar company of the United Arab Emirates.
"We hope that this document will mark the beginning of a new stage in the development of the electric power industry of Turkmenistan through the construction of solar and wind power plants, in which this company has accumulated a large and rich experience.
"We thank Masdar for entering such an important agreement with us and look forward to long-term cooperation."
Earlier this month, Masdar signed an MoU with Jordan''s Ministry of Energy and Mineral Resources for2GW of renewable energy capacity.
The company also recently agreed to build a 10GW onshore wind project in Egypt in partnership with Infinity Power andHassan Allam Utilities.
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Abu Dhabi: Renewable energy company Masdar has signed a joint development agreement with Turkmenenergo State Power Corporation of the Ministry of Energy of Turkmenistan to develop a 100 megawatt solar photovoltaic (PV) plant, which will be the company''s first project in the country.
The agreement builds on a Memorandum of Understanding signed between Masdar and the Turkmenistan government in October 2021 to explore the development of and investment in solar and wind power projects in Turkmenistan on a public-private partnership (PPP) basis.
The signing of the agreement was witnessed by Serdar Berdymukhammedov, President of Turkmenistan, and Dr Thani bin Ahmed Al Zeyoudi, UAE Minister of State for Foreign Trade. The agreement was signed by Masdar CEO Mohammed Jameel Al Ramahi and Deputy Chairman of the Cabinet of Ministers of Turkmenistan Charymurat Purchekov in Abu Dhabi. Turkmenenergo is the state authority responsible for the generation, transmission, and distribution of electricity in Turkmenistan.
Deputy Chairman of the Cabinet of Ministers of Turkmenistan, Charymurat Purchekov, said: "We hope that this document will mark the beginning of a new stage in the development of the electric power industry of Turkmenistan through the construction of solar and wind power plants, in which this company has accumulated a large and rich experience. We thank Masdar for entering such an important agreement with us and look forward to long-term cooperation."
Masdar CEO said: "As a global leader in renewable energy with many projects across Central Asia, Masdar has the right expertise and experience needed to support Turkmenistan''s development of its renewable energy sector."
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