, APAC
Photo from Masdar

Masdar, EDF ink deal with Kyrgyz government for 3.6 GW RE projects

The deal is Masdar’s first foray into hydropower energy.

Abu Dhabi Future Energy Company PJSC (Masdar) and EDF Energy have formed a joint agreement with the Ministry of Energy of the Kyrgyz Republic for the development of hydropower and renewable projects with a total capacity of 3.6 gigawatts (GW).

Signed during the COP28, the memorandum of understanding (MoU) signifies the first venture of Masdar into the hydropower energy sector.

Central Asia is one strategic market for Masdar, wherein the materialised agreements helped propel the development of solar and wind projects in the region. The agreement will further strengthen the ties between the UAE and the Kyrgyz Republic.

ALSO READ: India needs $101b to meet wind, solar targets

Within Kyrgyzstan, it has set its own goals for the reduction of greenhouse gases by over 44% by 2030 and push for carbon neutrality by 2050. Its electricity has generated over 90% from clean energy resources, mostly from hydropower plants.

“Hydropower is a very important energy source for the Kyrgyz Republic and this agreement will help our nation to strengthen its existing clean energy supply and to develop projects utilizing other renewable energy sources,” H.E. Taalaibek Ibraev, Minister of Energy of the Kyrgyz Republic, stated.

Currently, Masdar has produced over $30b worth of growth plans to achieve 100 GW of renewable energy volume and 1 million tonnes of green hydrogen by 2030.

Join Asian Power community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Exclusives

Summit Power International provides vital LNG support to Bangladesh
Without cross-border electricity supply, LNG is needed by a country facing geographical constraints to deploy renewables.
Power Utility
PLN focuses digital processes on equitable electricity distribution
State-run firm’s president succeeded in electrifying 76,900 villages and sub-districts throughout Indonesia.
VOX POP: How can vehicle-to-grid technologies boost energy transition?
Vehicle-to-grid (V2G) technology is seen as a groundbreaking innovation towards the resilience of the power grid and the improvement of robust energy transition.