Original disclosure @ EBRD website
Updated in EWS Feb 2, 2023
Disclosed by Bank Jan 19, 2023
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According to EBRD, this project involves:
The provision of long-term senior debt of up to US$ 33 million for the development, construction and operation of a solar photovoltaic power plant with an installed capacity of 220 MW on a site located in the Jizzakh 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 220 MW of solar generation capacity to the national energy system and will assist the country in its low-carbon transition drive.
EBRD FINANCE SUMMARY
NUR JIZZAKH SOLAR PV FE LLC
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.
|Private Actor 1||Private Actor 1 Role||Private Actor 1 Sector||Relation||Private Actor 2||Private Actor 2 Role||Private Actor 2 Sector|
|-||-||-||-||Abu Dhabi Future Energy Company PJSC - Masdar||Parent Company||-|
PO Box 54115, Abu Dhabi, UAE
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The Project Complaint Mechanism (PCM) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an European Bank for Reconstruction and Development (EBRD)-financed project. If you submit a complaint to the PCM, it may assess compliance with EBRD's own policies and procedures to prevent harm to the environment or communities or it may assist you in resolving the problem that led to the complaint through a dialogue with those implementing the project. Additionally, the PCM has the authority to recommend a project be suspended in the event that harm is imminent.
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