In particular, by the end of this year, 12 solar and 4 wind power plants, along with 12 energy storage systems, will be launched. The European Bank for Reconstruction and Development (EBRD) continues to invest in renewable energy power generation and in the safe and reliable connection of variable renewables to Uzbekistan 's power grid by organising a financing package of up to US$ 195. 5 million) for the. The UAE-based energy company AMEA Power has launched the implementation of several energy projects in Uzbekistan, as to the Ministry of Energy. The launch ceremony took place on May 13 during Uzbekistan Energy Week and was attended by Energy Minister Jurabek Mirzamakhmudov, AMEA Power CEO Hussein. The European Bank for Reconstruction and Development (EBRD) is providing a comprehensive financing package of US$ 142 million (€121 million) for two special-purpose vehicles (SPVs) that will develop Uzbekistan 's and Central Asia's largest combined solar photovoltaic and battery energy storage. By the end of the year, Uzbekistan plans to launch 12 solar and 4 wind power plants, along with 12 energy storage systems worth over $5 billion. 18 energy-intensive sectors of the economy, including water management and oil and gas, will be transferred to autonomous energy supply. The project is divided into two phases.