• logo linkedin
  • logo email
solar plant proparco uzbekistan
Proparco, EBRD and EIB are financing one of the first private sector renewable energy projects in the country: the construction and commissioning of a 100 MWac photovoltaic solar power plant in the city of Samarkand.
Client presentation

The project promoter, Tutly Solar LLC, is wholly owned by Total Eren, one of the main Independent Power Producers (IPPs) for renewable energies (mainly solar and wind energy). It is based in Paris and operates all over the world.

Project description

The project comprises a EUR 43.7m loan from EIB and two loans for about EUR 21.8m from Proparco and EIB. It involves the construction and commissioning of a 100 MWac photovoltaic solar power plant near the city of Samarkand. 

Project impact

The project should have the following impacts: 

  • The additional 239 GWh of power generation a year will improve access to electricity for some 43,000 inhabitants;
  • The photovoltaic solar power plant will reduce greenhouse gas emissions by some 110,000 tCO2 eq. per year; 
  • The power plant will support 2,450 local jobs over the next 5 years;
  • Some EUR 7.77m of private financing have been mobilized by this operation. 

The project should thereby contribute to SDGs 7 (Affordable and clean energy), 8 (Decent work and economic growth), 9 (Industry, innovation and infrastructure) and 13 (Climate action). 

04/29/2021
Date of signature of the project
Climate co-benefit project
Uzbekistan
Location
Financing tool
21 849 491 Euros
Amount of funding
EUR 21,849,491 loan
Financing details
TUTLY SOLAR
Client
Uzbekistan
Head office country
PUZ1001
Project number
CES