Wednesday
September 7
2022

Asian Development Bank Signs $52 Million Loan to Finance Uzbekistan’s Wind Power Plant in Zarafshan

The Asian Development BankAsian Development Bank (ADB) and Shamol Zarafshan Energy Foreign Enterprise Limited Liability Company (SZE), a wholly owned subsidiary of Abu Dhabi Future Energy Company Private Joint Stock Company (Masdar), signed a $52 million loan agreement to finance Uzbekistan’s first wind power plant and the largest yet developed in Central Asia.

The 500-megawatt (MW) plant will be located to the east of Zarafshan City, in the Tamdy District of the Navoi Region in Uzbekistan. It will help the country meet rapidly rising energy demand, deliver reliable power supplies to underserved urban and rural areas, meet its climate action goals, and improve resilience against climate change impacts. The facility will comprise 111 wind turbine generators, each with a capacity of 4.5 MW.

Photo courtesy of Usukhbayar Gankhuyag.

Source: Devdiscource (link opens in a new window)

Categories
Energy
Tags
climate, climate change, finance, loan, renewable energy, rural development