The European Bank for Reconstruction and Development (EBRD), the European investment Bank (EIB) and PROPARCO, a subsidiary of Agence Française de Développement, have approved €87.4 million financing package for Uzbekistan to build 100 MW solar power plant near the city of Samarkand, the EBRD said.

The financing will be provided to project developer Tutly Solar LLC, which is fully owned by Total Eren, a leading France-based independent power producer from renewable energy sources, it said.

The financing package will consist of an EIB loan of €43.7 million and two loans of approximately €21.8 million each from the EBRD and PROPARCO.