ADB, NNS Sign Loans to Build Milestone Solar Power Project in Uzbekistan
The Asian Development Bank (ADB) and “Nur Navoi Solar” Foreign Enterprise Limited Liability Company (NNS) signed loans of up to $17.5 million for a 100-megawatt (MW) solar power plant that will be the first public–private partnership renewable energy project in Uzbekistan. The project will play a catalytic role in improving access to affordable and reliable renewable energy in rural parts of the country.

The financing package for the plant, to be built near Navoi City in central Uzbekistan, includes a loan from ADB and a loan from the Canadian Climate Fund for the Private Sector in Asia II (CFPS II), which will be administered by ADB.

The 100 MW project will generate around 258.2 gigawatt-hours of clean energy annually, avoiding 157,502 tons of carbon dioxide emissions a year. NNS will provide its energy output to the National Electric Grid of Uzbekistan under a 25-year power purchase agreement.