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Lukoil to Build Solar Power Station in Uzbekistan

Wednesday 14 September 2011

SARATOV, Russia (Fergana News) – Lukoil President Vagit Alekperov September 12 said the company plans to build a 1GW solar power station in Uzbekistan, Fergana News reported September 13.

Lukoil, the Uzbek government and the Asian Development Bank are working on the project, Alekperov told a forum of young Lukoil specialists.

Uzbekistan has more than 300 sunny days a year, Fergana News reported, adding the Centre for Economic Research of Uzbekistan argues that nearby energy-short countries like Afghanistan and Pakistan will provide a market.

Lukoil is a major international vertically-integrated oil & gas company, accounting for 2.2% of global output of crude oil:

  • 2.2% of global production of crude oil
  • The largest privately owned oil & gas company in the world by proved oil reserves
  • 3rd largest privately owned oil & gas company in the world by oil production
  • 17.8% of Russian crude oil production and 18.2% of Russian crude oil refining
  • One of the biggest Russian oil business groups with $100 billion revenue and net income in excess of $9 billion

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