The project involves 1,000 MW solar power and 1,336 MWh battery storage in Samarkand and Bukhara. Construction is scheduled to complete post-2027 with a 25-year power purchase agreement. Financing involves Japan Bank for International Cooperation, Asian Development Bank, and. Sumitomo Corporation (Head Office: Chiyoda-ku, Tokyo; Representative Director, President and Chief Executive Officer: Shingo Ueno) has, together with ACWA Power (Head Office: Riyadh, Kingdom of Saudi Arabia; Chairman: Mohammad Abunayyan; hereinafter “ACWA”), Shikoku Electric Power Co. (Head. Home » Energy » Solar » Japan Developers, Saudi and Uzbekistan Secure Financing on Largest Solar and Battery Storage Project Japan's Sumitomo Corporation, Shikoku Electric Power (Yonden), Chubu Electric Power, and Saudi's ACWA Power have secured financing agreements to develop Uzbekistan's largest. The Government of Uzbekistan (GoU) has recently announced the “Uzbekistan – 2030” Strategy, which aims to reduce the poverty rate by half by 2026 and enable the country to reach upper middle-income status by 2030.
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