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Commodities

UAE's Masdar wins bid to develop Uzbekistan solar project

DUBAI (Reuters) - UAE’s Masdar, a subsidiary of Mubadala Investment Company, said on Tuesday it had won a bid to develop Uzbekistan’s first public-private partnership (PPP) solar project.

Masdar, one of the world’s leading renewable energy companies, will develop the 100-megawatt (MW) utility-scale solar plant, under the International Finance Corporation’s (IFC) Scaling Solar program.

The project will be located in the Navoi region of Uzbekistan.

Reporting by Dahlia Nehme; Editing by Susan Fenton

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