Early Warning System

Regions

Europe and Central Asia

Geographic location where the impacts of the investment may be experienced.

Countries

Uzbekistan

Geographic location where the impacts of the investment may be experienced.

Specific Location

Alat District of the Bukhara region

Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.

Financial Institutions

Asian Development Bank (ADB)

International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.

Project Status

Proposed

Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.

Bank Risk Rating

Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."

Voting Date

Nov 16, 2023

Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.

Borrower

Nur Bukhara Solar PV LLC FE (MASDAR)

A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.

Sectors

Energy

The service or industry focus of the investment. A project can have several sectors.

Investment Type(s)

Loan

The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.

Investment Amount (USD)

$ 63.60 million

Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.

Loan Amount (USD)

$ 63.60 million

Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.

Project Cost (USD)

$ 316.00 million

Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.

Bank Documents

Other Related Projects

Primary Source

Original disclosure @ ADB website

Updated in EWS Oct 13, 2023

Disclosed by Bank Sep 8, 2023

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Project Description

If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

As stated by the ADB, the Project constitutes the development, construction, operation, and transfer of a 250 MW solar PV along with a 63 MW/126MWh of battery storage and a 220 kV substation. The project site is in the Bukhara region and covers an area of around 6.75 square kilometers.

Early Warning System Project Analysis

For a project with severe or irreversible impacts to local community and natural resources, the Early Warning System Team may conduct a thorough analysis regarding its potential impacts to human and environmental rights.

The ADB categorized the project as follows:

Environment	B
Involuntary Resettlement	B
Indigenous Peoples	C

Investment Description

Here you can find a list of individual development financial institutions that finance the project.

Asian Development Bank (ADB)

Private Actors Description

A Private Actor is a non-governmental body or entity that is the borrower or client of a development project, which can include corporations, private equity and banks. This describes the private actors and their roles in relation to the project, when private actor information is disclosed or has been further researched.

Nur Bukhara Solar PV LLC FE is a renewable energy company that will build, own and operate an up to 250MW solar PV with 63MW battery energy storage system in Uzbekistan. The Company is owned by Abu Dhabi Future Energy Company PJSC (Masdar) which is ultimately owned by Mubadala Investment Company, Abu Dhabi Developmental Holding Company, and Abu Dhabi National Oil Company. Established in 2006, Masdar is a global leader in renewable energy and sustainable urban development, active in over 40 countries across six continents with a total capacity of over 20 gigawatts (GW) (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	Client	Energy
Abu Dhabi National Oil Company	Parent Company	Energy	owns	Abu Dhabi Future Energy Company PJSC - Masdar	Client	Energy
JSC National Electric Grid of Uzbekistan	Buyer	Energy	contracts with	Abu Dhabi Future Energy Company PJSC - Masdar	Client	Energy
Mubadala Investment Co PJSC	Parent Company	Finance	owns	Abu Dhabi Future Energy Company PJSC - Masdar	Client	Energy

Contact Information

This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

ADB Team Leaders:

Danyaal Malik - Private Sector Operations Department
Nicola Davies - Project Manager & Environmental Expert

No contacts available at the time of disclosure.

Consulting Firm - Juru Energy Consulting LLC:

Viktoriya Filatova
Zilola Kazakova
Address: 10A, Chust Str., Tashkent, Uzbekistan, 100077
Email: esia_alat_spp@juruenergy.com
Phone: +998 90 515 03 92

Client - Abu Dhabi Future Energy Company:

Khurshid Karamatov
Email: kkaramatov@masdar.ae
Phone: +998 93 522 00 70
Address: Khalifa City A, Abu Dhabi, UAE, P.O. Box, 54115
Website: www.masdar.com

ACCESS TO INFORMATION

You can submit an information request for project information at: https://www.adb.org/forms/request-information-form

ADB has a two-stage appeals process for requesters who believe that ADB has denied their request for information in violation of its Access to Information Policy. You can learn more about filing an appeal at: https://www.adb.org/site/disclosure/appeals

ACCOUNTABILITY MECHANISM OF ADB

The Accountability Mechanism is an independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an Asian Development Bank-financed project. If you submit a complaint to the Accountability Mechanism, they may investigate to assess whether the Asian Development Bank is following its own policies and procedures for preventing harm to people or the environment. You can learn more about the Accountability Mechanism and how to file a complaint at: http://www.adb.org/site/accountability-mechanism/main.