📋 Tender Overview
Project ID: 54933
Status: Exploratory
Location: Uzbekistan
Business Sector: Energy
Notice Type: Private
Environmental Category: B
Approval Date: 10 Sep 2025
Disclosure date: 14 Jul 2025
Project Description
The provision of long-term senior debt of up to US$ 91.0 million to finance the development, construction and operation of a solar photovoltaic power plant with a capacity of 300 MW and a battery energy storage system with 75 MW installed capacity in the Guzar district of Kashkadarya region of Uzbekistan.The financing will be provided to Nur Kashkadarya Solar PV FE LLC, a special purpose vehicle (the borrower) established in Uzbekistan and fully owned by Abu Dhabi Future Energy Company PJSC (the sponsor, Masdar). The EBRD is also mobilising concessional finance of up to US$ 20 million under the EBRD's High Impact Partnership on Climate Action (HIPCA).
Project Objectives
This Project aligns with the government of Uzbekistan's strategic objective of expanding the proportion of renewable energy sources in its national energy mix, aiming to establish 25 GW of solar and wind power by 2030. By contributing 300 MW of solar generation capacity coupled with 75 MW of battery storage capacity to the national power grid, this project will play a significant role in assisting Uzbekistan in achieving its low-carbon transition targets.
Transition Impact
ETI score: 80
The Project will contribute to the EBRD Green Economy Transition (GET) approach by allowing the country to produce electricity using solar power, which will reduce its reliance on thermal power generation. The Project will introduce a utility scale battery storage system strengthening grid capacity to absorb renewables at scale.
