Private Sector Power Generation Support Project (WB-P170598)

Countries
  • Uzbekistan
Geographic location where the impacts of the investment may be experienced.
Financial Institutions
  • World Bank (WB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
U
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
Sep 22, 2020
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
Government of Uzbekistan
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.
Loan Amount (USD)
$ 15.00 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.
Project Cost (USD)
$ 600.00 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.
Primary Source

Original disclosure @ WB website

Updated in EWS Aug 1, 2024


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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.

According to bank documents, the objective of the Navoi Scaling Solar Independent Power Producer (IPP) Project for Uzbekistan is to increase and diversify electricity generation capacity through private investment in Uzbekistan. The proposed project will be the country’s first competitively selected private investment in power generation, first grid-scale renewable energy project, and first World Bank guarantee operation in Uzbekistan, with strong demonstration effects in Central Asia and beyond. The proposed Navoi Scaling Solar IPP Project supports the Government's policy objectives and reforms in the energy sector. These include expanding generation capacity through renewables, improving security of supply from domestic energy resources and promoting private sector participation to strengthen the energy sector sustainability, which is crucial for economic recovery and growth and job creation. Support under this WBG initiative is expected to accelerate the Uzbekistan energy sector development and improve its efficiency by deploying new business and financing schemes in the form of PPPs/IPPs. The Navoi Scaling Solar IPP will also support the Government’s commitments on climate change and its Nationally Determined Contribution implementation, particularly through the development of renewable energy and avoidance of GHG emissions. The proposed project’s implementation and success will further accelerate the deployment of new renewable generation capacities, and hence the clean energy transition to stimulate economic recovery and development of appropriate infrastructure, when the COVID-19 crisis eases. The proposed project will involve the first-time deployment of an IFC financing in the energy sector and the IBRD’s risk mitigation product in Uzbekistan. The project will directly contribute to the Maximizing Finance for Development (MFD) /Cascade Approach goals and bring additional climate co-benefits from the development of scalable clean energy investment program.

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

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.

No contact information available at time of writing. 

ACCOUNTABILITY MECHANISM OF WORLD BANK

The World Bank Inspection Panel is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by a World Bank-financed project. If you submit a complaint to the Inspection Panel, they may investigate to assess whether the World Bank is following its own policies and procedures for preventing harm to people or the environment. You can contact the Inspection Panel or submit a complaint by emailing ipanel@worldbank.org. You can learn more about the Inspection Panel and how to file a complaint at: http://ewebapps.worldbank.org/apps/ip/Pages/Home.aspx.

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