Sunview in Uzbek power generation deal

PETALING JAYA: Sunview Group Bhd has entered into a heads of terms agreement with Uzbekistan to develop solar photovoltaic (PV) power plants and a battery storage energy system.

The deal outlines the terms in principle before the main terms of the collaboration are formalised.

Sunview will establish a special purpose company in Uzbekistan, which will construct and operate a 400 megawatt alternating current (MWAC) solar PV power plant in the Andijan region and a 200MWAC solar PV power plant in the Fergana region.

“The plants will operate under a 25-year power purchase agreement, starting from the scheduled commercial operation date, after which Sunview will either transfer or decommission the plant,” it said in a filing with Bursa Malaysia.