Nur Bukhara Solar

Abu Dhabi Future Energy Company PJSC ("Masdar" or the "Developer") has been awarded by the Ministry of Energy, Government of Uzbekistan, to design, build, finance, construct, commission and operate, maintain and transfer the Nur Bukhara Solar photovoltaic (PV) Project with a capacity of 250 MWA and 63 MW/126 MWh Battery Energy Storage System (BESS) ("Project"). The Project will be designed to meet national regulations and international standards. The Project will be implemented through a long-term, i.e., 25 years power purchase agreement (a "PPA") between Nur Bukhara Solar PV LLC Foreign Enterprise (the Project Company or the Company) and JSC National Electric Grid of Uzbekistan ("NEGU") as the off-taker. The Project will support Uzbekistan to: • Reduce energy dependence on carbon-based fuels. • Meet renewable energy targets. • Reduce greenhouse gas emission rates