Zishan Iqbal
Zishan Iqbal
Speaker
Director of MLT and Murabaha Solutions

Etihad Credit Insurance (ECI)

United Arab Emirates

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Proximo: Project Finance

Case study: Zarafshan Wind

Zishan Iqbal
Director of MLT and Murabaha Solutions,
Etihad Credit Insurance (ECI)
Moderator
Jeremy Barker
Counsel,
Clifford Chance

Closed at $300 million in September 2022, the ECI-backed Zarafshan Wind represents Uzbekistan's first utility-scale wind farm. The 500MW project is a landmark for the region, and this case study gathers dealmakers to consider:

  • How will Zarafshan help Uzbekistan meet its goal to derive 25% of its energy needs from renewables by the end of the decade?
  • What challenges did dealmakers have to overcome to bring the project to financial close?
  • What roles did DFI and ECA coverage play in the transaction?