📋 Tender Overview
Location: Uzbekistan
Project number: 54648
Business sector: Manufacturing and Services
Notice type: Private
Environmental category: A
EBRD Finance Summary: USD 21,154,547.00
Total Project Cost: USD 36,611,549.00
Project Description
The project entails the provision of a senior secured loan of up to US$ 55.4 million on a project finance basis, comprised of a Bash WPP Extension tranche of up to US$ 34.2 million and an Electrolyser tranche of up to US$ 21.2 million, to finance the construction of an integrated renewable hydrogen production facility consisting of a 20 MW electrolyser fed by greenfield 52 MW wind power plant to produce around 3,000 tonnes of renewable hydrogen annually. The electrolyser will be located in the Chirchiq City, Tashkent region, and the wind power plant will be in the Gijduvon district, Bukhara region. The wind facility will be collocated with the existing 500 MW EBRD-financed Uzbekistan Bash WPP.
Project Objectives
Through the financing of the integrated renewable hydrogen production facility, the project aims to support:
a) a first-of-its-kind renewable hydrogen production project in Uzbekistan and across Central Asia, providing a critical demonstration effect to stimulate further projects.
b) the decarbonisation of Uzbekistan's ammonia sector.
c) increased renewable energy generation.
Transition Impact
ETI score: 71
The Project will contribute to the green transition impact quality as the Project will introduce the first renewable hydrogen production project in Uzbekistan via the electrolysis technology. The Project is expected to have a clear demonstration effect for the development of a renewable hydrogen market through private sector participation in Uzbekistan and the wider region. The Project will also have Inclusive transition impact through the promotion of human capital development in the green energy sector of Uzbekistan by enhancing ACWA Power's policies and practices on Human Resources for equal opportunities and contributing to the development of a gender-responsive and just transition roadmap.
The Project is central to the EBRD's wider policy dialogue initiatives in the low-carbon hydrogen space and decarbonisation of the ammonia sector in Uzbekistan.
