Uzbekistan Project Notice - Sherabad Solar Power Project


Project Notice

PNR 50801
Project Name Sherabad Solar Power Project
Project Detail Project Name Sherabad Solar Power Project Project Number 55101-001 Borrower / Company "Nur Sherabad Solar PV" Foreign Enterprise Limited Liability Company Country / Economy Uzbekistan Location Nation-wide Type or Modality of Assistance 4301 Loan Ordinary capital resources USD 55.45 million Approved Operational Priorities OP1: Addressing remaining poverty and reducing inequalities OP2: Accelerating progress in gender equality OP3: Tackling climate change, building climate and disaster resilience, and enhancing environmental sustainability Strategic Agendas Environmentally sustainable growth Inclusive economic growth Drivers of Change Partnerships Private sector development Sector / Subsector Energy / Renewable energy generation - solar Gender Equity and Mainstreaming Effective gender mainstreaming Responsible ADB Department Private Sector Operations Department Responsible ADB Division Infrastructure Finance Division 1 Responsible ADB Officer Rogan, Xeniya Project Sponsor(s) Abu Dhabi Future Energy Company PJSC - Masdar Description Objectives and Scope Uzbekistans new energy policy emphasizes the deployment of renewable energy. Encouraged by early achievements to invite private sector investments in multiple large solar and wind power projects, the government is currently working on increasing the solar capacity to 5 GW and wind capacity to 7 GW. This project is expected to establish bankable precedents intended to catalyze further private sector participation in Uzbekistans renewable energy sector. Linkage to Country/Regional Strategy The project is consistent with ADBs Strategy 2030, which includes tackling climate change and enhancing environmental sustainability as key operational priorities. The project is also consistent with the Uzbekistan Country Partnership Strategy 2019- 2023, as the project will help foster reliable energy supply to improve energy security and promote the use of renewable energy sources. ADB seeks to create conditions for greater private sector participation in Uzbekistan.
Funded By Asian Development Bank (ADB)
Sector Energy & Power
Country Uzbekistan , Central Asia
Project Value Plz Refer Document

Contact Information

Company Name Asian Development Bank (ADB)
Web Site https://www.adb.org/projects/55101-001/main

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