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    Reference: 20190886
    Release date: 4 November 2020

    Promoter – Financial Intermediary

    TOTAL EREN SA

    Location

    Description

    100 MW solar photovoltaic (PV) plant located in Samarkand region promoted by Total Eren.

    Objectives

    The development of solar energy will support national targets for renewable energy generation and contributes to the Bank's Environment (renewable energy) and Climate Action objectives. The project is fully in line with the strategic objectives set for the Bank's ELM 2014-2020 Mandate since it will contribute to reducing the growing electricity supply gap in Uzbekistan using renewable energy resources.

    Sector(s)

    • Energy - Electricity, gas, steam and air conditioning supply

    Under ELM Guarantee

    This operation is covered by the ELM Political Risk Guarantee.

    Proposed EIB finance (Approximate amount)

    EUR 44 million

    Total cost (Approximate amount)

    EUR 92 million

    Environmental aspects

    If the project were located within the EU it would fall under Annex II of the EIA Directive (2011/92/EU), requiring the competent authorities to determine whether an environmental impact assessment (EIA) is required. Details of the permitting process and its compliance with EIB Environmental & Social (E&S) standards and the principles of relevant EU Directives, as applicable, will be assessed during appraisal.

    Procurement

    The project falls under section 3.4.3 of the Bank's Guide to Procurement (GtP) for concession operations. Compliance with the Bank's GtP will be assessed during appraisal.

    Status

    Signed - 29/04/2021

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Related tags

    Uzbekistan Energy