| Project Detail |
Project Description The provision of a loan of up to US$ 85.7 million to the Republic of Uzbekistan to be on-lent to JSC Sirdarya Thermal Power Plant (Sirdarya TPP), JSC Tashkent Thermal Power Plant (TashTES), JSC Navoi Thermal Power Plant (Navoi TPP), and JSC Takhiatash Thermal Power Plant (Takhiatash TPP) to finance their working capital needs. These joint stock companies are incorporated in the Republic of Uzbekistan and owned by the state power generation company JSC Thermal Power Plants (the Company, or TPP). Project Objectives The loan proceeds will be used to finance working capital needs of the TPP subsidiaries in the context of the EBRD COVID-19 crisis response. The Project will combine long-term reform objectives with an immediate response to the COVID-19 impact by supporting the companies with a liquidity injection while contributing to the corporatisation and commercialisation of the power generation sector via support to IFRS standards implementation. The project is developed under the Vital Infrastructure Support Programme (VISP) which is part of the EBRD COVID-19 Solidarity Package. |
