Deal #10880
Uzbekistan
Created at
2024-10-28
Last update
2024-12-02
Operating Company
Operating company
Actors involved in the negotiation / admission process
- JSC National Electric Grid of Uzbekistan Government / state institutions (government, ministries, departments, agencies etc.)
Name of investment project
Bash Wind Farm
Comment on investment chain
The power generated from the project will be sold to JSC National Electric Networks of Uzbekistan under a power purchase agreement for a period of 25 years. The offtake capacity is expected to be 513.5MW. The project is being developed by Acwa Power Bash Wind and is currently owned by Acwa Power with a stake of 100%.
In December 2022, the European Bank for Reconstruction and Development (EBRD) arranged a syndicated loan of $277m for the project. It will consist of an A loan of $150m on the EBRD’s own account and a B loan of $127m syndicated to commercial lenders.
The Asian Development Bank (ADB) and ACWA Power signed a deal for a $40.5m loan to develop the Bash wind project.
The OPEC Fund for International Development also signed a $20m loan agreement for this project.
Network of parent companies and tertiary investors/lenders
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