📋 Tender Overview
Location: Uzbekistan
Project number: 55136
Business sector: Energy
Notice type: Private
EBRD Finance Summary: USD 8,400,000.00
Total Project Cost: USD 8,400,000.00
Project Description
The provision of a guaranteed facility of up to US$ 8.4 million to finance expected VAT payments during the construction of the Sarimay Solar Photovoltaic Power Plant with an installed capacity of 100MW in the Khorezm region of Uzbekistan. The financing will be provided to Sarimay Solar FE LLC a special purpose vehicle established in Uzbekistan and fully owned by Voltalia SA.
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 100 MW of solar generation capacity to the national power grid, this Project will play a significant role in mitigating the effects of climate change and assisting Uzbekistan in achieving its low-carbon transition targets.
Transition Impact
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. Also considering that this is Voltalia's first project in Uzbekistan, the Project will also add a new private entrant to the state-dominated power sector.
