AKIPRESS.COM - Abu Dhabi’s clean energy company Masdar has signed a joint development agreement with Turkmenenergo State Power Corporation to develop a 100-megawatt solar photovoltaic plant in the Central Asian country, The National News reported.
Turkmenenergo, attached to Turkmenistan's Ministry of Energy, is the state authority responsible for the generation, transmission and distribution of electricity in the country.
The agreement builds on a deal signed between Masdar and Ashgabat in October last year to explore the development of and investment in solar and wind power projects in Turkmenistan on a public-private partnership basis.
“As a global leader in renewable energy with many projects across Central Asia, Masdar has the right expertise and experience needed to support Turkmenistan’s development of its renewable energy sector,” Masdar chief executive Mohamed Al Ramahi said.
Masdar has more than $20 billion of investments globally and is rapidly expanding its renewables portfolio as countries focus on cutting emissions to limit global warming.