Original disclosure @ EBRD website
Updated in EWS Jan 20, 2023
Disclosed by Bank Jan 19, 2023
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According to the EBRD website:
The provision of long-term senior debt of up to US$ 67 million for the development, construction and operation of a solar photovoltaic power plant with an installed capacity of 457 MW on a site located in the Sherabad district of the Surkhandarya Region of Uzbekistan (project). The project will be developed by a newly established special purpose vehicle in Uzbekistan, which will act as the borrower for the project financings. Abu Dhabi Future Energy Company PJSC (Masdar) will act as the sponsor for the project.
The Project will contribute to the strategic priority of the government of Uzbekistan to increase the share of renewable projects in the national energy mix. It will contribute to the mitigation of climate change impact by adding 457 MW of solar generation capacity to the national energy system and will assist the country in its low-carbon transition drive.
COMPANY CONTACT INFORMATION
Carlos Pontecponte@masdar.aehttp://www.masdar.aePO Box 54115, Abu Dhabi, UAE
The Borrower is an Uzbek Project SPV fully owned by Masdar.
Sponsor: 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.
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PO Box 54115, Abu Dhabi, UAE
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