Recherche Fr menu fr ClientConnect
Recherche
Résultats
5 premiers résultats de la recherche Voir tous les résultats Recherche avancée
Recherches les plus fréquentes
Pages les plus visitées
    Référence: 20210033
    Date de publication: 11 novembre 2022

    Promoteur – Intermédiaire Financier

    ABU DHABI FUTURE ENERGY COMPANY - PJSC - MASDAR

    Lieu

    Description

    The construction and operation of three independent solar photovoltaic plants (PV) totaling c. 897 MWac, located in Uzbekistan. Two of these projects are developed under the World Bank Group's Scaling Solar program and are located in the Jizzakh and the Samarkand region. The third project is developed under the ADB Uzbekistan Solar Program and located in the Surkhandarya region (Sherabad district).

    Additionality and Impact

    The project produces electricity from low carbon sources (solar PV) and addresses negative climate and environmental externalities, a market failure, through the reduction of carbon and air pollution. The project is in line with the EU objectives set out in the updated EU strategy on Central Asia (2019) and the EU-Uzbekistan comprehensive agreement (2019), and it contributes to Uzbekistan's "NDCs" under the Paris Agreement. The financing of this project is in line with the Bank's lending priority objectives on renewable energy and climate action, and will contribute to reduce the growing electricity supply gap in Uzbekistan using renewable energy resources. The project will solely rely on revenues from a fixed tariff which was set through a competitive tender procedure. The project is expected to be supported by adequate capabilities of the promoter, which has track record in the renewable energy sector in Uzbekistan. In terms of results, the project is expected to have an excellent economic return, considering the economic value of the electricity generated. Therefore, the project is expected to generate a social benefit.


    The Bank's proposal consists of a project financing structure, tailored to the expected cash flows to be generated, therefore providing significant added value to the project, together with other International Finance Institutions.

    Objectifs

    The development of solar energy will support national targets for renewable energy generation. The project is technically and economically sound and will make a strong contribution to the achievement of the Bank's objectives in terms of Climate Action finance outside the EU, by extending EIB financing to three utility-scale PV plants in Uzbekistan, a sector that will require significant additional external funding over the next years. The financing of this operation is in line with the Bank's lending priority objectives on Energy (Renewable Energy) as well as the transversal objectives on Climate Action (mitigation), and Environmental Sustainability (Pollution Prevention Control). The project is also aligned with the EIB's lending policy by contributing to Uzbekistan's Nationally Determined Contributions (NDCs) to Achieve Net-Zero Emissions and Climate-Resilient Development under the Paris Agreement.

    Secteur(s)

    • Énergie - Production et distribution d'électricité, de gaz, de vapeur et d'air conditionné

    Montant BEI envisagé (montant approximatif)

    USD 150 million (EUR 140 million)

    Coût total (montant approximatif)

    USD 650 million (EUR 607 million)

    Aspects environnementaux

    If the plants were located within the EU, they would fall under Annex II of the Environmental Impact Assessment (EIA) Directive, requiring the competent authorities to determine whether an EIA is required. The transmission lines for Jizzakh and Samarkand would fall under Annex I and be subject to an EIA. It is likely that the plants will undergo EIA processes under the national legislation. In any case, the project will be required to comply with the EIB Environmental and Social Standards.

    Passation des marchés

    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.

    Statut

    Signé - 3/04/2023

    Milestone
    À l'examen
    Approuvé
    Signé
    15 février 2023
    3 avril 2023

    Clause de non-responsabilité

    Avant d’être approuvés par le Conseil d’administration et avant la signature des prêts correspondants, les projets font l’objet d’une instruction et de négociations. Par conséquent, les informations et données fournies sur cette page sont indicatives.
    Elles sont fournies à des fins de transparence uniquement et ne peuvent être considérées comme représentant la politique officielle de la BEI (voir également les notes explicatives).

    Mots-clés correspondants

    Ouzbekistan Énergie