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NEWS

Uzbekistan developing solar energy generation

www.timesca.com
8 April 2015

Uzbekistan’s joint-stock electro-technical company Uzeltechsanoat by 2017 plans to organize production of photovoltaic power plants with a capacity of up to 500 KW in the Navoi free industrial and economic zone, Review.uz reported.  

The project provides for attraction of direct foreign investments.

Solar energy generation has good prospects in Uzbekistan, although it requires large capital investment and large areas for placing solar panels, Akrom Mirzabayev, general director of Tashkent-based photovoltaic equipment producer Mir Solar, told Review.uz.        

In his words, the state provides legislative support for domestic photovoltaic producers. Mir Solar, for example, was included in the state production localization program in 2009, and has been exempted from all taxes and customs duties for seven years.   

The strategy of photovoltaic equipment production at the company meets the interests of the state, the general director said. The company has minimized the use of imported components and developed its own technology for the production of photovoltaic equipment. The level of production localization at the company (that is, the use of domestically produced components) is 62.5 percent.     

The state support has helped the Uzbek company to successfully compete with leading Chinese photovoltaic equipment producers.

However, according to Mirzabayev, for further development Uzbek photovoltaic producers need more support from the state, including provision of low-interest loans for the purchase of renewable energy equipment for at least 15 years, introduction of leasing schemes, and introduction of tariffs for “green” energy.