November 20, 2020

Update on solar and wind projects 2018-2020

 

ACTIVE SOLAR PROJECTS

Name of the Project Form of Financing Participants Current Stage
Navoi Solar Power Project (100 MW)

World Bank | P17059

ADB | 53340-001

IFC | 42525

Power Purchase Agreement (PPA) between Masdar and JSC National Electric Grid of Uzbekistan signed on 08.11.2019

Legal Basis:

(1) Decree of the Cabinet No.633 of 08.08.2018

(2) President Decree No.PP-4677 of 14.04.2020

(3) President Decree No.PP-4563 of 09.01.2020

Loans (ADB):

Ordinary capital resources – USD 13.00 million

Canadian Climate Fund for the Private Sector in Asia II (CFPS II) – USD 8.00 million

PPP basis – USD 100 million of foreign direct investments (FDI)

IBRD Guarantee: up to $5.1 million

IFC Loan: up to $41 million

Borrower – Nur Navoi Solar Foreign Enterprise LLC

Project Sponsors – Abu Dhabi Future Energy Company PJSC – Masdar (UAE)

Asian Development Bank

International Financial Corporation

European Bank of Reconstruction and Development

ADB: Concept Clearance – 28 Apr 2020

Credit Committee Meeting – 28 Aug 2020

Approval – 30 Sep 2020

Last PDS Update – 01 Oct 2020

Samarkand Solar & Jizzakh Solar Power Projects (200 MW each)

IFC | 604324

Legal Basis:

Currently unavailable

 PPP basis

Estimated Total Budget Pending

 International Financial Corporation

List of possible investors

 Last update on minenergy.uz:

On March 21, 2020, 84 companies and consortia submitted their Expression of Interest (EOI) to participate in the tender. Those companies and consortia should now submit their qualification applications by September 26, 2020 (11 pm Tashkent Time).

Sherabad Solar PV PPP

ADB | 48080-001

Legal basis:

Currently unavailable

PPP basis ( Estimated Total Budget Pending)

Clean Energy Fund under the Clean Energy Financing Partnership Facility – USD 1 million

Asian Development Bank

List of possible investors

 Last update on minenergy.uz:

Submission of expression of interest

Read more 

Samarqand Solar (100 MW)

EBRD | 51055

Legal basis:

President Decree No.PP-4712 of 13.05.2020

FDI – EUR 104 million

EBRD Finance – EUR 32 million

Total Eren SA (France)

Tutly Solar LLC

European Bank of Reconstruction and Development

Passed Final Review, Pending Approval

 

ACTIVE WIND PROJECTS

 Name of the Project  Form of Financing Participants Current Stage
Navoi Wind PPP (500 MW)

 

PPA between Masdar and JSC National Electric Grid of Uzbekistan signed on 08.06.2020

Official link of investor

Legal basis:

Currently unavailable

Estimated FDI – USD 600 million Abu Dhabi Future Energy Company PJSC – Masdar (UAE)

 Under development

Last update – Researching the wind potential of Uzbekistan through construction of 10 meteo-masts

Wind PPP in Karakalpakstan

EBRD | 11174

Read More

Legal basis:

Currently unavailable

 

PPP basis

Estimated Total Budget Pending

 

European Bank of Reconstruction and Development

Read more

 

Last update on minenergy.uz:

The Tender Committee after a public announcement regarding the Project on MOE’s official webpage through a request for EOI received 70 successful EOI submissions and published this list on May 20, 2020, on MOE’s official webpage.
The companies and consortia should now submit their qualification applications by November 10, 2020.

Acwa Power Wind PPP (2 PPP 1000 MW Total)

 

PPA with Ministry of Energy of Uzbekistan signed on 05.03.2020

 

http://minenergy.uz/uz/news/view/685

Official link of investor

Legal basis:

Currently unavailable

 Estimated FDI  – USD 1 billion  

ACWA Power (UAE)

More ACWA Power Pojects in Uzbekistan

 

Under development

Last update  – Researching the wind potential of Uzbekistan through construction of 10 meteo-masts

 

PLANNED SOLAR PROJECTS

Name of the Project  Form of Financing Participants Current Stage
Solar PV PPP

(3 projects 900 MW total)

Legal basis:

1)President Decree No.PP-3687 of 28.04.2018

2)President Decree No.4067 of 19.12.2018

 Estimated FDI – USD 1.3 billion  SkyPower Global (Cayman Islands)  Temporarily suspended
Solar PV PPP (2000 MW)

Legal basis:

1) President Decree No.PP-3874 of 19.07.2018

2) President Decree No.PP-4067 of 19.12.2019

 Estimated cost of the project – USD 2.3 billion  Graess Group (Germany)  Unknown
Solar PV PPP (1 GW)

Legal basis:

1) President Decree No.PP-3874 of 19.07.2018

2) President Decree No.PP-4067 of 19.12.2019

 Estimated cost of the project  – currently unknown  Headwall Power (USA)  Unknown
Solar PV PPP (2000 MW)

Legal basis:

1) President Decree No.PP-3874 of 19.07.2018

2) President Decree No.PP-4067 of 19.12.2019

 Estimated cost of the project – USD 2 billion CIRI (Beijing) Information Technology Co. Ltd (China)  Unknown