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    November 15, 2022 - Al Bawaba Business



      The construction and operation of three independent solar photovoltaic plants (PV) totaling c. 897 MWac, located in Uzbekistan. Two of these projects are developed under the World Bank Group's Scaling Solar program and are located in the Jizzakh and the Samarkand region. The third project is developed under the ADB Uzbekistan Solar Program and located in the Surkhandarya region (Sherabad district).


      The development of solar energy will support national targets for renewable energy generation. The project is technically and economically sound and will make a strong contribution to the achievement of the Bank's objectives in terms of Climate Action finance outside the EU, by extending EIB financing to three utility-scale PV plants in Uzbekistan, a sector that will require significant additional external funding over the next years. The financing of this operation is in line with the Bank's lending priority objectives on Energy (Renewable Energy) as well as the transversal objectives on Climate Action (mitigation), and Environmental Sustainability (Pollution Prevention Control). The project is also aligned with the EIB's lending policy by contributing to Uzbekistan's Nationally Determined Contributions (NDCs) to Achieve Net-Zero Emissions and Climate-Resilient Development under the Paris Agreement.


      Energy - Electricity, gas, steam and air conditioning supply

      Proposed EIB finance (Approximate amount)

      not disclosed

      Total cost (Approximate amount)

      not disclosed

      Environmental aspects

      If the plants were located within the EU, they would fall under Annex II of the Environmental Impact Assessment (EIA) Directive, requiring the competent authorities to determine whether an EIA is required. The transmission lines for Jizzakh and Samarkand would fall under Annex I and be subject to an EIA. It is likely that the plants will undergo EIA processes under the national legislation. In any case, the project will be required to comply with the EIB Environmental and Social Standards.


      The project falls under section 3.4.3 of the Bank's Guide to Procurement (GtP) for concession operations. Compliance with the Bank's GtP will be assessed during appraisal.

      Status : Under appraisal - 25/07/2022 Project completion date : 2025-12-31 12:00:00 Major organization : ABU DHABI FUTURE ENERGY COMPANY - PJSC - MASDAR

      Address : Presidential Flight, Khalifa City A, Abu Dhabi, UAE, P.O. Box 54115

      Country :United Arab Emirates Url :


      Financier address : European Investment Bank (EIB)

      98-100, boulevard Konrad Adenauer



      Tel : (+352) 43 79 1

      Fax : (+352) 43 77 04


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