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Makhtar Diop: Uzbekistan secures $1 billion private financing for first solar power plants

Makhtar Diop: Uzbekistan secures $1 billion private financing for first solar power plants
Uzbekistan secures $1 billion solar investment

Makhtar Diop highlights that reliable electricity can transform various sectors, from factories and hospitals to rural communities.

According to Diop, Uzbekistan, with support from IFC and MIGA, has structured and de-risked its first privately owned solar power plants. This initiative has enabled almost $1 billion in private financing for the country's energy sector.

Diop has previously noted that agricultural investment in Sierra Leone has helped reduce food imports and boost workforce development. He has also stressed the importance of investment climate reforms for attracting private capital. The recent solar power initiative in Uzbekistan follows this emphasis on creating favorable conditions for private sector involvement.

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