Sumitomo Corporation Signs Project Financing Agreements for Uzbekistan's Largest Solar Power and Battery Energy Storage Project
Uzbekistan, Oct. 29 -- Sumitomo Corporation has, together with ACWA Power ("ACWA"), Shikoku Electric Power Co., Inc. ("Yonden") and Chubu Electric Power Co., Inc. ("CHUBU"), signed project financing agreements with a group of banks including Japan Bank for International Cooperation, Asian Development Bank, European Bank for Reconstruction and Development, and Islamic Development Bank in relation to solar power and battery energy storage project in Uzbekistan ("the Project"). The portion financed by private financial institutions will be covered by Overseas Untied Loan Insurance provided by Nippon Export and Investment Insurance (NEXI).The Project involves the construction, ownership and operation of solar power plants that can generate 1,00...
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