World Bank, IFC fund Masdar’s Uzbekistan solar-plus-storage project with 63MW BESS

Nur Bukhara Solar has already signed a 25-year power purchase agreement (PPA) to sell the plant’s electricity to Uzbekistan’s state-owned electricity grid, and has committed to managing the BESS component for the next ten years. The company will build the project in the Bukhara region in southern Uzbekistan, on the Turkmenistan border, but has not provided a timeline for the project’s construction and commissioning.

The project’s financing includes loans of US$53 million, provided by the World Bank’s International Finance Corporation (IFC), and loans worth US$106 million from the Asian Development Bank (ADB), Dutch Entrepreneurial Development Bank and the Japan International Cooperation Agency.

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