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TASHKENT, February 8 (TCA) — China's Suntech Power Holdings Co. is going to establish solar panel production in Uzbekistan, according to Uzbekistan’s Economy Ministry.

Suntech Power and the Uzbekenergo national energy company have signed a memorandum of cooperation on the joint production of solar panels. The project estimated at US $10 million will be implemented in the Navoi Free Industrial and Economic Zone. 

Earlier it was reported that Uzbekistan is going to build several solar power plants of more than 2 GW. The projects will be financed by Uzbekenergo, the Asian Development Bank (ADB), and through loans from international financial organizations.

In 2012 Uzbekenergo began designing a solar power plant in the Tashkent region with a capacity of 50 megawatts and a generation capacity of 110 million kilowatt hours of electricity per year. The project, estimated at $250 million, will be financed through a $90 million loan from the ADB and funds allocated by the Uzbek side.

In September 2011, CEO of Russia’s Lukoil Vagit Alekperov announced that the company, in collaboration with the Uzbek Government and the ADB, is working on designing a solar power plant. The capacity of the first unit of the plant will be 100 megawatts. The cost and terms of the project have not been disclosed.

The potential of solar energy in Uzbekistan is estimated at 50.9 billion tons of oil equivalent, which is 99.7 percent of all the presently explored renewable energy sources in the country.

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