Sunday, April 21, 2024

Masdar to develop 500MW Clean Energy Projects in Tajikistan

MW Energy, a joint venture between Abu Dhabi Future Energy Company PJSC – Masdar and W Solar Investment, has signed an agreement with Tajikistan’s Ministry of Energy and Water Resources (MOEWR) to explore at least 500 megawatts (MW) capacity of clean energy projects in landlocked and water-abundant Tajikistan. The agreement was signed during the Dushanbe International Investment Forum.

Tajikistan has plenty of lakes, rivers, and glaciers. Therefore, Tajikistan relies on hydropower and has massive potential for growing other renewable energy sources.

HE Daler Jum’a, Minister of Energy and Water Resources of the Republic of Tajikistan, said, “Tajikistan is committed to increasing its installed electricity generation capacity and growing its promising green energy sector. Our land is blessed with many natural resources, and we look forward to working with partners to harness this potential and meet our energy and development goals.”

The collaboration aims to develop projects, including floating solar power, ground-mounted solar PV, onshore wind, and hydropower, as part of a Public-Private Partnership (PPP). Phase one of the project targets a minimum total capacity of 500 MW of clean energy.

HE Daler Jum’a, Minister of Energy and Water Resources of the Republic of Tajikistan, said, “A significant increase in generation is planned through the introduction of renewable energy. By 2030, the installed capacity of generating stations using solar and wind energy should be 700 MW; today, 450 MW of this is being developed by a feasibility study with the participation of international consulting companies with the financial support of international financial institutions. This is a relatively new direction for us, but nevertheless, concrete work has already begun.”

The companies have yet to reveal the total cost of the project and the final energy generation capacity, along with many details. This partnership for clean energy projects in Tajikistan will contribute to a greener planet.