Tashkent, Uzbekistan. June 20, 2019—Uzbekistan
has become the fifth country to join Scaling Solar, expanding the World
Bank Group program beyond the African continent for the first time.
Uzbekistan is looking to develop up to 1 gigawatt
of solar power and has decided to use the Scaling Solar approach to tender
an initial 100 megawatts. The Government of Uzbekistan signed a solar power
mandate with IFC, a member of the World Bank Group, in May 2018 and has
now issued a request for proposals using the Scaling Solar approach.
“We are delighted to see Scaling Solar expand
to Central Asia with this announcement,” said Philippe Le Houérou, IFC’s
CEO. “Scaling Solar has successfully crowded in private investment in
sub-Saharan Africa’s renewables market and its comprehensive and templated
approach has enormous potential in Uzbekistan and other markets.”
So far, Scaling Solar is supporting the development
of more than 1.5 gigawatts of solar photovoltaic power in Zambia, Senegal,
Ethiopia, and Madagascar. The program offers competitive bidding and simplified
procurement for grid-tied photovoltaic power, even in small markets. It
provides a package of transaction structuring advice, standardized project
documents, risk management products, financing, and insurance by World
Bank Group institutions including IBRD, IFC, and MIGA.
Uzbekistan is highly dependent on natural
gas, which accounts for 82% of the country’s electricity generation. The
government aims to develop the renewable energy sector to diversify the
country’s energy mix and attract private investment.
“Developing renewable energy in Uzbekistan
is crucial to diversifying our power supply,” said Alisher Sultanov, Minister
of Energy of Uzbekistan. “We are looking forward to working with private
sector developers participating in Scaling Solar to develop our solar power
resources quickly and at low costs.”
The project is located in the Navoi region
in southwestern Uzbekistan. 11 bidders have already been pre-qualified
and invited to submit their proposals. Results are expected by Q3 2019.
The project is being implemented with support from the Ministry of Finance
in Austria and Switzerland’s State Secretariat for Economic Affairs (SECO).
About Scaling Solar
Scaling Solar is a World Bank Group solution
that makes it easier for governments to quickly procure and develop large-scale
solar projects with private financing. It includes a ‘one-stop shop package
of technical assistance, templated documents, pre-approved financing, insurance
products, and guarantees. Scaling Solar has financing support of the Private
Infrastructure Development Group, the UK's Department for International
Development, USAID’s Power Africa, the Ministry of Foreign Affairs of
the Netherlands, and the Ministry of Foreign Affairs of Denmark. For more
information, please visit www.scalingsolar.org
IFC—a sister organization of the World Bank and member of the World Bank
Group—is the largest global development institution focused on the private
sector in emerging markets. We work with more than 2,000 businesses worldwide,
using our capital, expertise, and influence to create markets and opportunities
in the toughest areas of the world. In FY17, we delivered a record $19.3
billion in long-term financing for developing countries, leveraging the
power of the private sector to help end poverty and boost shared prosperity.
For more information, visit www.ifc.org