WASHINGTON, September 22, 2020 - The World Bank and International Finance Corporation Boards of Executive Directors approved today the Navoi Scaling Solar Independent Power Producer (IPP) Project.
IBRD Guarantee: up to $5.1 million
IFC Loan: up to $41 million
Project ID: P170598
Project Description: The Project Development Objective (PDO) is to increase and diversify electricity generation capacity through private investment in Uzbekistan.
The project, developed under the World Bank Group Scaling Solar Program, will help implement the first competitively selected private investment in the country’s renewable energy sector. It will result in the launch of the first solar plant of 100-megawatt capacity connected to the national electricity network. The project will also become the first World Bank guarantee operation in Uzbekistan.