Asian Development Bank (ADB) and Abu Dhabi Future Energy Company PJSC (Masdar) signed a $30 million financing package to develop a 300 MW solar power plant and 75 MWh battery energy storage system in Guzar City, Kashkadarya Region, Uzbekistan. The financing comprises a $12.5 million loan from ADB, a $12.5 million loan from the Leading Asia’s Private Infrastructure Fund 2, and a $5 million loan from the Canadian Climate and Nature Fund for the Private Sector in Asia. The project’s scope also includes the construction of electrical interconnection facilities comprising 1.6 km of transmission lines and a 220 kV substation, to help integrate renewable energy into the national power grid.