Energy · Critical minerals · Infrastructure · Industry · Agriculture

Your on-the-ground partner to
invest in Uzbekistan

CAPPA connects international investors with bankable projects across Uzbekistan and Central Asia — energy and renewables, critical & rare-earth minerals, infrastructure, industry and agriculture. With mandates from regional governments (hokimiyats) and ministries, we guide every agreement and approval from first mandate to financial close. Hire us as your advisor, consultant and local agent.

Every engagement begins with a mutual Non-Disclosure Agreement (NDA) — before any project data is shared.

News & projects

A timeline of key energy agreements in Uzbekistan.

June 2026
On June 16–18, CAPPA experts will take part in the Tashkent International Investment Forum (TIIF 2026).
tiif.online
May 2026
ACWA Power: $226m financing (at the ADB Annual Meeting) for the Bash II wind farm (300 MW).
solarquarter.com
January 2026
Masdar: financial close of a 300 MW solar + 75 MWh storage project.
pv-magazine.com
December 2025
Uzbekistan commissioned 16 plants (solar, wind, thermal, hydro) totaling 3,500 MW and broke ground on 21 new energy projects. Participants: ACWA Power, Masdar, EDF, Voltalia, TotalEnergies, Siemens Energy.
uz.kursiv.media
June 2025
Uzbekistan (Uzatom) and Russia (Rosatom) signed an agreement at the St. Petersburg Forum on the configuration of a nuclear plant in Jizzakh region: two VVER-1000 units + two RITM-200N small reactors (>2,100 MW).
interfax.com
February 2025
Voltalia (France): PPA for a solar + wind + storage hybrid project and construction of a solar plant (Sarimay; 100 MW in Khorezm).
energy-storage.news
October 2024
ACWA Power (Saudi Arabia) and Sumitomo (Japan) — $4.2bn in renewables: Sazagan 1 & 2 (500 MW solar each + BESS) and Kungrad 1–3 wind projects (500 MW each).
agbi.com
May 2024
World Bank Group, Masdar and Uzbekistan signed a financing package for a 250 MW solar plant + 63 MW battery storage (BESS) — the country’s first BESS.
worldbank.org
March 2024
Total Eren (TotalEnergies, France): 100 MW solar plant ($100m) in Samarkand region (Nurabad).
worldconstructionnetwork.com
April 2023
Masdar: financial close of three solar projects totaling ~900 MW in eastern Uzbekistan.
enerdata.net
September 2022
Masdar: financial close of the Zarafshan wind farm (500 MW) — the first utility-scale wind farm.
zawya.com
April 2021
Masdar signed an Investment Agreement for a wind farm of up to 1.5 GW — Uzbekistan’s first wind project.
prnewswire.com
December 2020
Masdar: financial close of the Nur Navoi solar plant (100 MW) — the country’s first financed IPP.
enerdata.net
November 2019
Masdar (UAE) signed a PPA and Government Support Agreement for the Nur Navoi solar plant (100 MW) — Uzbekistan’s first solar IPP.
enerdata.net
March 2019
Mubadala Investment Company (UAE) and Uzbekistan exchanged energy-sector agreements (Talimarjan project).
September 2018
Uzbekistan and Russia (Rosatom) signed an agreement to build a nuclear power plant: two VVER-1200 units (1.2 GW each).
world-nuclear-news.org
25%
renewables target by 2030 (government decree)
4 + 4 GW
solar + wind targets for 2026
25 yr
USD-denominated Power Purchase Agreements
Sovereign
Government Support (GSA) + DFI backing
ADB · EBRD · IFC
development-bank co-financing
Masdar · ACWA · AMEA
projects operating (Voltalia, Total Eren, Sumitomo)

What we do

A single accountable partner from first mandate to commercial operation.

Project origination & structuring

We identify bankable opportunities aligned with Uzbekistan’s national energy program and structure them for international investors.

Government & ministry liaison

We manage the full approval path — Ministry of Energy, Ministry of Investment, Industry & Trade, Ministry of Economy & Finance — on your behalf.

PPA / GSA negotiation support

Hands-on support securing the 25-year PPA, the Government Support Agreement and the Investment Agreement.

Local SPV & legal coordination

Setting up the local project company (operator), permits, land lease and regulatory compliance.

EPC & technical partners

In-house energy engineering team plus a domestic manufacturer of solar collectors and heat pumps — we assemble and vet the technical package.

End-to-end project management

A single accountable partner on the ground from mandate through construction and commercial operation.

How a PPA project moves in Uzbekistan

Click any step. We manage every approval and agreement on your behalf.

STEP 1 / 12

NDA & mandate

We sign an NDA, align the opportunity with the national program and sign an agency mandate with the investor.

Investor + CAPPA

The agreements that secure your project

A bankable structure backed by sovereign support. After the 2025 reform, electricity purchase (Uzenergosotish) and transmission (NEGU, via a TCA) are contracted separately; large projects sign a package: IA + PPA + GSA + TCA.

NDA

Non-Disclosure Agreement

Signed before any project data is shared — protects both parties’ information. Every engagement starts here.

IA

Investment Agreement

Between the Government (Ministry of Investment, Industry & Trade) and the foreign investor. Locks in guarantees, tax incentives, investment volume (e.g. building solar/wind of hundreds of MW), land allocation and return-of-investment terms.

PPA

Power Purchase Agreement

25-year offtake of the full output at a fixed tariff in foreign currency. After the 2025 reform it is signed with the offtaker, Uzenergosotish.

GSA

Government Support Agreement

Sovereign support from the Ministry of Economy & Finance — liquidity and termination payments backing the offtaker’s obligations.

TCA

Transmission Connection Agreement

Grid connection and transmission services with the National Electric Grid (NEGU). Contracted separately from the PPA after the 2025 reform.

PPP

Public-Private Partnership

PPP structures (concession, BOOT, etc.) — the main route for most renewable tenders, with the strongest packaged government support.

EPC/EPCM

EPC & EPCM Contracts

The core contracts for design, equipment procurement and construction of the power plant (Engineering, Procurement, Construction / Management).

BSSA

Battery Storage Service Agreement

A separate storage-services (BESS) agreement: accumulate surplus green energy at peak generation and release it back to the grid.

Retail

Electricity Supply Contracts

Retail offtake contracts between regional distribution companies (e.g. JSC “Regional Electric Networks”) and consumers or industrial enterprises.

Legal framework

Projects are delivered strictly within Uzbekistan’s renewable-energy legislation. Foundational acts:

Our team

Operators, engineers and manufacturers with on-the-ground experience.

Bakhtier Rasulov

Bakhtier Rasulov

Expert in high-voltage equipment, high- and medium-voltage networks and substations · power engineer

Director of ACTIVE Energy LLC — a partner company of ABB and Hitachi.

Burke McCormack

Burke McCormack

Expert in investment banking and energy project finance

Currently at Ardmore Capital. Spent many years at JP Morgan Chase. Experienced with OPIC (Overseas Private Investment Corporation).

Igor Ogay

Igor Ogay

Expert in alternative energy

A well-known expert in alternative energy in Uzbekistan, representing Solar City Solutions LLC and Solar City Plus LLC. Since 2015 these companies have manufactured, deployed and serviced solar water-heating collectors, heat pumps and integrated green-energy systems across the country.

Khamit Kadirbekov

Khamit Kadirbekov

Consultant · agency services · energy sector

Experienced working with international corporations: Dow Chemical, Chevron Phillips, UOP and Emerson. Provides agency services. Background in the energy sector.

Let’s talk

For investors and developers pursuing PPA / IPP projects in Uzbekistan. We work under an agency agreement, under NDA.

Start your Uzbekistan energy project

Tell us your capacity, technology and timeline — we’ll map the path.