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    Syrdarya Power Project


    November 23, 2021 - Al Bawaba Business

     

      Project Description

      The provision of a senior secured term loan of up to US$ 200 million in favour of ACWA Power Syrdarya (the "Company" or the "Borrower"), a limited liability company to be incorporated in Uzbekistan for the purpose of the development, construction and operation of 1,500MW combined-cycle gas-fired power plant in the Syrdarya region of Uzbekistan (the "Project"). The Project is part of an ongoing modernisation of the power generation sector in Uzbekistan aimed at increasing efficiency and reducing the environmental impact. The Project will lead to the closure of at least 1,200MW of old and inefficient capacity, resulting in the reduction of approximately 1,500,000 tonnes of CO2 emissions per year.

      Project Objectives

      The EBRD loan will finance the development, construction and operation of 1,500MW combined-cycle gas-fired power plant in the Syrdarya region of Uzbekistan. It will promote private sector participation in the energy market and strengthen the country's generation fleet with a more efficient and reliable capacity.

      Transition Impact

      The transition is expected to derive from multiple qualities including competitive reflecting one of the first private sector investments in the power sector of Uzbekistan. The Project is also expected to have a resilient element as it will contribute to reliability of electricity supply. Project completion date : 2023-12-31 12:00:00 Major organization : ACWA POWER SIRDARYA LLC Address : shirin city, sirdarya region

      Country :Uzbekistan Email : HElMaanouni@acwapower.com Financier : EUROPEAN BANK FOR RECONSTRUCTION AND DEVELOPMENT (EBRD), Financier address : financier : european bank for reconstruction and development (ebrd) one exchange square london ec2a 2jn united kingdom tel: 0207 338 6000 www.ebrd.com

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