| Project Detail |
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 Groups 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).
Objectives
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 Banks 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 Banks 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 EIBs lending policy by contributing to Uzbekistans Nationally Determined Contributions (NDCs) to Achieve Net-Zero Emissions and Climate-Resilient Development under the Paris Agreement.
Sector(s)
Energy - Electricity, gas, steam and air conditioning supply
Proposed EIB finance (Approximate amount)
not disclosed
Total cost (Approximate amount)
not disclosed |
