The $52 million Zafarshan Wind Power Project loan agreement has been signed by ADB and and Shamol Zarafshan Energy Foreign Enterprise Limited Liability Company (SZE), a wholly owned subsidiary of Abu Dhabi Future Energy Company Private Joint Stock Company (Masdar) on 5 September. The loan will support first wind power plant and the largest so far developed in Central Asia. The project team is being led by PSIF1’s Danyaal Malik. The Zafarshan Wind Power Project will build a 500-megawatt (MW) wind power plant in the Tamdy District of the Navoi Region in Uzbekistan east of Zarafshan City. It will help the country that has been dependent on fossil fuels to diversity its energy mix, meet rapidly increasing energy demand, deliver reliable power supplies to underserved urban and rural areas, meet its climate action goals, and improve resilience against climate change impacts. The facility will comprise 111 wind turbine generators, each with a capacity of 4.5 MW. The Zarafshan wind power project will generate 1,599 gigawatt-hours of clean energy annually and avoid more than 890,000 tons of carbon emissions. SZE will provide its energy output to the Joint Stock Company National Electric Grid of Uzbekistan (NEGU) under a 25-year power purchase agreement. ADB also signed a sovereign-backed partial credit guarantee of $19.5 million to mitigate the credit risk of the state-owned offtaker, NEGU. More about this: ADB Signs $52 Million Loan with Masdar to Build Largest Wind Power Plant in Central Asia