| 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. |
