In July 2021, Masdar signed an agreement with the Ministry of Investment and Foreign Trade of the Republic of Uzbekistan and JSC National Electric Grid of Uzbekistan to design, finance, build and operate a 220-megawatt (MW) utility-scale solar PV project in the Djizzakh Region of Uzbekistan.
As lead transaction advisor, the International Finance Corporation assisted the Government of Uzbekistan to structure the projects and organize the selection of the winning bidder through an open tender process, under its Scaling Solar program.
The project will supply electricity to 264,000 homes, mitigate 237,000 tonnes of CO2 annually and support Uzbekistan’s national goal of developing 7 gigawatts (GW) of solar and 5GW of wind capacity by 2030.
Project Completion Year
Expected Completion 2025