Financing package for Uzbek gas power project

ACWA Power has secured funding from international lenders for the 1,500 MW Sirdarya combined cycle gas turbine (CCGT) power plant in Uzbekistan.

A syndicate of seven international lenders will provide $750mn senior debt for the $1bn project that is expected to meet 15% of power demand in the Caspian state. The lenders are the European Bank for Reconstruction and Development (EBRD), German Investment Corporation (DEG), Standard Chartered, Natixis, Société Générale, the OPEC Fund for International Development, and the Bank of China.

Planned Sidarya CCGT power plant
Photo: ACWA Power