📋 Tender Overview
Location: Uzbekistan
Project number: 54549
Business sector: Energy
Notice type: Private
Environmental category: B
EBRD Finance Summary: USD 140,000,000.00
Total Project Cost: USD 546,332,950.00
Project Description
The provision of a long-term, senior A/B loan, including an A loan of up to USD 140 million, for the development, design, construction and operation of a 200MW solar photovoltaic power plant and 500 MWh battery energy storage system (BESS) located in the Tashkent region in Uzbekistan (the Project). ACWA Power Riverside Solar LLC, a special purpose vehicle established in Uzbekistan, will act as the borrower. ACWA Power will act as the sponsor for the project.
Project Objectives
The Project will add 200 MW of solar generation capacity and 500 MWh of BESS to the power system of Uzbekistan. The Project will help to improve reliability of intermittent solar power generation in Uzbekistan by introducing battery storage. This is a landmark project for Uzbekistan as it introduces an unprecedented 500MWh of BESS in the country. Successful implementation of the Project will pave the way for broader implementation of renewable projects helping to mitigate intermittence constrains of RES capacity.
Transition Impact
ETI score: 72
The expected transition impact of the project will derive from the increased renewable energy generation and energy storage capacities, which will contribute to the transition to a low-carbon economy in a country that has a high reliance on thermal power generation (Green). The Project will also be highly representative in terms of absorbing intermittent renewable generation and the successful implementation of the Project will set an example for the future deployment of electricity storage systems in the country.
