Under this project-EBRD provides loan of US$25 million for financial support of the construction and operation of a pilot solar auction project of 100 MW installed capacity located in Navoi region of Uzbekistan.
Nur Navoi project is among first solar projects in Uzbekistan which will pave the way for a pipeline of renewable projects in the country. It will contribute to climate mitigation by adding 100 MW of solar generation capacity to the national energy system and will assist the country in low-carbon transition, reducing its current high reliance on thermal power generation.
NUR NAVOI SOLAR HOLDING RSC LTD
The Borrower is an UAE holding company fully owned by Masdar. The Borrower will hold majority ownership in an Uzbek Project SPV responsible for the project construction and operation.
Loan guarantor: Abu Dhabi Future Energy Company PJSC - Masdar (Masdar), a global leader in renewable energy and sustainable urban development. It was established in 2006 as a strategic government initiative to invest, incubate and establish new energy industry in Abu Dhabi and around the world. Masdar is fully owned by Mubadala Investment Company, an investment company established and fully owned by the government of Abu Dhabi.
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COMPANY CONTACT INFORMATION
Dr. Mohamed Asaad Tahermataher@masdar.ae+971 2 653 3333+971 2 653 0002http://www.masdar.aePO Box 54115, Abu Dhabi, UAE
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