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Masdar achieves financial close on 100 MW Nur Navoi Solar project in Uzbekistan

Masdar achieves financial close on 100 MW Nur Navoi Solar project in Uzbekistan
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Masdar achieves financial close on 100 MW Nur Navoi Solar project in Uzbekistan
Masdar, a subsidiary of Mubadala Investment Company and a leading renewable energy companies, announced on Wednesday the financial close of the Nur Navoi Solar Project – Uzbekistan s first successfully-financed independent power producer (IPP) solar project.
Loan and guarantee agreements to finance the 100-megawatt photovoltaic plant were signed in a virtual ceremony with representatives from Masdar, Uzbekistan s Ministry of Investments and Foreign Trade (MIFT), the International Finance Corporation (IFC), Asian Development Bank (ADB), the World Bank Group (WBG) and the European Bank for Reconstruction and Development (EBRD). ....

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Masdar finalises funding for 100-megawatt solar plant in Uzbekistan

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Abu Dhabi clean energy company Masdar said it finalised the financing for a 100-megawatt solar plant it is developing in Uzbekistan.
Loan and guarantee agreements to finance the Nur Navoi plant were signed between Masdar and Uzbekistan’s ministry of investments and foreign trade as well as the International Finance Corporation, Asian Development Bank, the World Bank and the European Bank for Reconstruction and Development, the company said on Wednesday.
Nur Navoi is the country’s first successfully financed independent power producer (IPP) solar project.
“This project will serve as a benchmark for the country as it looks to transform its energy sector and drive sustainable recovery, Mohamed Jameel Al Ramahi, chief executive of Masdar, said. ....

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