| Project Detail |
Location:
Uzbekistan
Project number:
53244
Business sector:
Energy
Notice type:
Private
Environmental category:
B
Approval date:
26 Apr 2023
Status:
Signed
PSD disclosed:
14 Jun 2023
Project Description
The provision of long-term senior debt of up to USD 19.3 million for the development, construction and operation of a wind power plant with an installed capacity of 100 MW on a site in the Karatau mountain region in the Qoraozak District of Karakalpakstan, Republic of Uzbekistan. The Project will be developed by a newly established special purpose vehicle in Uzbekistan, which will act as the borrower for the project financing. The ACWA Power Company of Saudi Arabia (ACWA Power) will act as the sponsor for the project.
Project Objectives
The Project will add 100 MW of wind generation capacity to the Uzbekistan power system. The project will contribute to the strategic priority of the government of Uzbekistan to increase the share of renewable projects in the national energy mix, assisting the country in its low-carbon transition drive. The Project will also result in strong environmental benefits with estimated annual CO2 emissions savings of above 178,000 tonnes. |
