Financing received for 500 MW Onshore wind farm in Uzbekistan
International Finance Corporation (IFC) has finalized an agreement to finance the 500 MW Zarafshon onshore wind project located in the Navoi region, Uzbekistan.
The US$825 million wind facility being developed by Masdar will consist of 111 wind turbine generators (WTGs), each with a capacity of up to 4.5 MW. It has the capacity to generate enough energy to power 500,000 homes while preventing the release of more than 1 million tons of carbon dioxide per year.
The Zarafshon project has received a US$42 million loan from IFC and US$52 million from the Japan International Cooperation Agency and the Dutch Entrepreneurial Development Bank (FMO). Further parallel loans will be provided by the European Bank for Reconstruction and Development, Asian Development Bank, Natixis, and First Abu Dhabi Bank.
Country news
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August 22, 2022
ACWA Power signs agreements to develop 1.5 GW wind farm in Uzbekistan
ACWA Power has signed a Heads of Terms agreement with the government of the Republic of Uzbekistan for the development of a 1.5 GW onshore wind farm in Karakalpakstan, Uzbekistan.
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November 23, 2021
Winning bidder announced for 1.3 GW gas-fired PPP project in Uzbekistan
Uzbekistan announces winning bidder for a 1,200–1,600-megawatt combined cycle gas turbine power plant to be built in Uzbekistan's Syrdarya region. The winning consortium comprises EDF – Nebras Power – Sojizt Corporation.
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September 14, 2021
Proposals submitted for 100 MW wind project in Uzbekistan
The Ministry of Energy of Uzbekistan has announced that three firms have submitted proposals for the 100 MW onshore wind project in Karakalpakstan.
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September 06, 2021
Tender issued for 500 MW PV solar projects in Uzbekistan
The Ministry of Energy has launched the Request for Qualification to select independent power producers for the development of three solar PV plants in Uzbekistan.
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May 07, 2021
ACWA Power signs implementation agreement for 1.5 GW wind farm in Uzbekistan
ACWA Power signed an implementation agreement with the Ministry of Investments & Foreign Trade and the Ministry of Energy of Uzbekistan for the development, construction and operation of a 1500 MW wind power project in Karakalpakstan, Uzbekistan.
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