As stated by the FMO, the latter participates as a B-lender with EBRD in the lead. Long term financing will be used to fund the investments needed for the construction of the solar powered project. Such long-term funding is not available from local banks.
The funding contributes to the Company's construction and expansion of their renewable energy assets in the country, accelerating the sustainable energy transition in Uzbekistan.
For a Russian version of the FMO's disclosure, access this link https://www.fmo.nl/sherabad-solar.
Masdar's dedicated webpage is available at this link https://masdar.ae/Masdar-Clean-Energy/Projects/Sherabad-Solar-Project.
FMO's E&S category for this transaction is B+, with key risks relating to land acquisition and potential permanent physical and economic displacement of people.
As stated by the FMO, Sherabad Solar is a renewable energy company who will build, own and operate an up to 457 MW solar-power project in Uzbekistan. The company is owned by Masdar which is ultimately owned by Mubadala Investment Company, Taqa and Abu Dhabi National Oil Company. Established in 2006, Masdar is a global leader in renewable energy and sustainable urban development, active in over 25 countries (with credit ratings: Fitch (A+) and Moody's (A2)).
|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 National Energy Company PJSC - TAQA||Parent Company||Energy||owns||Abu Dhabi Future Energy Company PJSC - Masdar||Parent Company||Energy|
|Abu Dhabi National Oil Company||Parent Company||Energy||owns||Abu Dhabi Future Energy Company PJSC - Masdar||Parent Company||Energy|
|Mubadala Investment Company||Parent Company||Finance||owns||Abu Dhabi Future Energy Company PJSC - Masdar||Parent Company||Energy|
Parent Company - Abu Dhabi Future Energy Company PJSC - Masdar:
Address: Presidential Flight, Khalifa City A, Abu Dhabi, UAE, P.O. Box 54115
Phone: +971 2653 3333
Fax: +971 2653 6002
Parent Companies (of Masdar) -
Mubadala Investment Company:
ACCESS TO INFORMATION
As part of FMO's ex-ante disclosure (disclosure of transactions before contracting), you can send requests or questions for additional information to: firstname.lastname@example.org
ACCOUNTABILITY MECHANISM OF FMO
Communities who believe they will be negatively affected by a project funded by the Dutch Development Bank (FMO) may be able to file a complaint with the Independent Complaints Mechanism, which is the joint independent accountability mechanism of the Dutch Development Bank (FMO) and the German Investment Corporation (KfW). A complaint can be filed in writing, by email, post, or online. The complaint can be filed in English or any other language of the complainant. The Independent Complaints Mechanism is comprised of a three-member Independent Expert Panel and it can provide either problem-solving, compliance review or both, in either order. Additional information about this accountability mechanism, including a guide and template for filing a complaint, can be found at: https://www.fmo.nl/independent-complaints-mechanism