Modern Diplomacy
Published 4 months ago
The World Bank Group, Abu Dhabi Future Energy Company PJSC (Masdar), Asian Development Bank (ADB) and the Government of Uzbekistan signed today loan and guarantee agreements to finance the first 100-megawatt solar photovoltaic power plant in the country, in support of its efforts to produce clean energy, strengthen the security of supply and combat climate change.
The International Finance Corporation (IFC) and ADB are providing up to $60 million in the financing of the project which will be the first large-scale, privately developed and operated renewable energy facility in Uzbekistan. The European Bank for Reconstruction and Development (EBRD) is providing an equity bridge loan to Masdar to fund the equity needs of the project. Meanwhile, the World Bank is providing a $5.1 million payment guarantee for the Government of Uzbekistan to backstop the payment obligations under the project along with its upstream support to create an enabli
UAE s Masdar says financing secured for Uzbekistan solar power project arabianbusiness.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from arabianbusiness.com Daily Mail and Mail on Sunday newspapers.
The 100-megawatt photovoltaic plant was awarded to Masdar in 2019 UAE – Mubasher: Masdar, a subsidiary of Mubadala Investment Company, has achieved the financial close of the Nur Navoi Solar Project, Uzbekistan’s first financed independent power producer (IPP) solar project, according to a press release on Wednesday. Masdar, Uzbekistan’s Ministry of Investments and Foreign
Masdar, a subsidiary of Mubadala Investment Company and a leading renewable energy companies, has announced the financial close of the Nur Navoi Solar Project, the first successfully-financed independent power producer (IPP) solar project in Uzbekistan. Loan and guarantee agreements to finance the 100-megawatt photovoltaic plant were signed in a virtual ceremony with
Masdar marks financial close on 100MW Uzbekistan solar project constructionweekonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from constructionweekonline.com Daily Mail and Mail on Sunday newspapers.