Tashkent Riverside project, Uzbekistan
Name of the Project
Tashkent Riverside project.
Location
Uzbekistan.
Project Owner/s
Developer, investor and operator of power generation and desalination water plants ACWA Power.
Project Description
The project is core to Uzbekistan's ambition to install 25 GW of renewables by 2030.
The greenfield development will involve the development of a 200 MW solar PV plant and a 500 MWh battery energy storage system – the largest in central Asia – that will serve to stabilise the Uzbek grid.
This project will be capable of powering 170 000 households.
Potential Job Creation
Not stated.
Capital Expenditure
$533-million.
Planned Start/End Date
Not stated.
Latest Developments
ACWA announced the completion of the dry financial close for the project on July 1, 2024.
The financing documents were signed with six lenders: the European Bank for Reconstruction and Development, Islamic Development Bank, DEG, Proparco, Standard Chartered and KfW-IPEX Bank.
Total debt from the signings amounts to $386-million, constituting more than two-thirds of the total cost of the project.
Key Contracts, Suppliers and Consultants
None stated.
Contact Details for Project Information
ACWA Power marketing and communications, tel + 971 4 248 0800 or email comms@acwapower.com.
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