ACWA Power has finalized an agreement with several international lenders to finance a combined-cycle power plant (CCGT) in Uzbekistan.
This is a major project: Sirdarya is worth $1 billion, with a capacity of 1,500 MW.
ACWA Power’s $1 billion project
750 million investors
The financing plan for the Sirdarya CCGT project amounts to $1 billion.
A syndicate of seven international lenders (Société Générale, OPEC Fund, Bank of China, etc.) has agreed to provide 750 million in senior debt.
The participation of these investors confirms Uzbekistan’s growing role in the global energy market.
A state-of-the-art infrastructure complex
The reason the project represents such a high level of investment is that it is at the cutting edge of technology.
Specialists will be able to monitor and control the plant’s energy production in real time.
The aim is to create a continuous flow of power to the Uzbek national grid.
1500 MW of cleaner electricity
ACWA Power’s project to build a CCGT power plant in Uzbekistan meets a dual challenge.
Its efficiency is improved, while its polluting emissions are greatly reduced.
The plant will supply 1,500 MW of cleaner, more competitive gas-fired electricity.
An ecological response to Uzbek demand
Once completed, the Sirdarya plant will meet 15% of Uzbekistan’s electricity demand.
It will also represent 8% of Uzbekistan’s total installed electrical capacity.
Finally, it will offset 2.2 million tonnes of Co2 emissions per year, supporting Uzbekistan’s decarbonization objectives.
