Original disclosure @ IFC website
Updated in EWS Jun 15, 2021
Disclosed by Bank Aug 13, 2020
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According to the IFC's website, this project provides financing for the construction and operation of a 100MW solar photovoltaic plant located in Navoi, Uzbekistan as a public-private partnership (PPP).
The proposed site is located 39 km to the west from of the city of Navoi and 3.2 km away from the small town of Uzumzor.
The Asian Development Bank is expected to contribute US$20 million to this project.
The Project is being implemented by Nur Navoi Solar Foreign Enterprise LLC, a special purpose company incorporated in Uzbekistan, wholly owned by Abu Dhabi Future Energy Company PJSC (“Masdar”).
Masdar was formed in Abu Dhabi in 2006 as a wholly-owned subsidiary of Mubadala Investment Company (“Mubadala”) to promote renewable energy and sustainable urban development. Masdar is active in over 30 countries and has investments in clean energy projects with a combined value of c.US$14.3 billion and a gross capacity of over 5 gigawatts (GW) installed or under development. The technology deployed in these projects range from onshore and offshore wind projects to solar PV and CSP technologies in the Middle East, North Africa, Europe, North America and Australasia. Masdar's shareholder Mubadala Investment Company is wholly-owned by the Government of Abu Dhabi and has assets under management of c.US$229 billion.
|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||-|
|-||-||-||-||Mubadala Investment Company||Parent Company||-|
|-||-||-||-||Nur Navoi Solar Foreign Enterprise LLC||Client||-|
For inquiries about the project:
Abu Dhabi Future Energy Company
Mohamed Asaad Taher
+971 2 653 3333; +971 2 653 0002
PO Box 54115, Abu Dhabi, UAE
For local access to project documentation:
Mr. Elbek Gafforov
Deputy Head of Investment Department
Navoi region Khokimiyat,
Tel. +998 99 750 17 11,
Address: 77A Islam Karimov Street, Navoi city, Navoi region. Zip code: 210100
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