Uzbekistan: CEEC Uzbekistan BESS Green Loan (AIIB-000869)

Regions
  • Europe and Central Asia
Geographic location where the impacts of the investment may be experienced.
Countries
  • Uzbekistan
Geographic location where the impacts of the investment may be experienced.
Specific Location
Adolat, Navoi, Chirchiq
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
Financial Institutions
  • Asian Infrastructure Investment Bank (AIIB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
B
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Borrower
China Energy Overseas Investment (Hong Kong) Co., Ltd.
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Energy
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 150.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Loan Amount (USD)
$ 150.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Bank Documents
Primary Source

Original disclosure @ AIIB website

Updated in EWS Sep 23, 2025

Disclosed by Bank Sep 15, 2025

Contribute Information
Can you contribute information about this project?
Contact the EWS Team

Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

According to the AIIB, the project development objective is to enhance Uzbekistan's grid stability and reliability essential for achieving its renewable energy transition by supporting CEEC's expansion of energy storage capacity in the country.

AIIB is planning to provide an A loan of up to United States Dollar (USD) 150 million equivalent in Chinese Yuan (CNY), complemented by a B Loan of up to USD150 million equivalent in CNY to be mobilized by AIIB on a best-effort basis, to China Energy Overseas Investment (Hong Kong) Co., Ltd (CEOIC HK) to support a pipeline of battery energy storage systems (BESS) in Uzbekistan. The loan proceeds will finance and/or refinance the development, construction, and operation of a selected portfolio of utility-scale BESS assets subject to Eligibility Criteria established based on a Green Financing Framework (GFF) in line with international standards and AIIB's specific requirements.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

As stated by the AIIB, the proposed BESS portfolio in Uzbekistan is expected to be financed through the AIIB loan (A Loan and B Loan) and other sources, including additional shareholder loans/equity and long-term project loans at the subproject level.

Private Actors Description
A Private Actor is a non-governmental body or entity that is the borrower or client of a development project, which can include corporations, private equity and banks. This describes the private actors and their roles in relation to the project, when private actor information is disclosed or has been further researched.

As stated on the project ESMS, founded in 2016, China Energy Overseas Investment Co., Ltd. (CEECOIC) is a wholly owned second-tier subsidiary of China Energy Engineering Group Co., Ltd. (CEEC) and a professional platform to engage in overseas investment on behalf of CEEC.

Private Actor 1 Private Actor 1 Role Private Actor 1 Sector Relation Private Actor 2 Private Actor 2 Role Private Actor 2 Sector
China Energy Engineering Group Co., Ltd. (CEEC) Parent Company Energy owns China Energy Overseas Investment (Hong Kong) Co., Ltd. Client Energy

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

AIIB Team Leader:

Yi Han - Investment Officer
Email: yi.han@aiib.org

Financial Intermediary - China Energy Overseas Investment (Hong Kong) Co., Ltd.:

Xiaomeng Ma - Financial Manager
Email: maxiaomeng@ceecoic.com

ACCESS TO INFORMATION

You can submit an information request for project information at: https://www.aiib.org/en/contact/information-request/index.html

ACCOUNTABILITY MECHANISM OF AIIB

The AIIB has established the Accountability Mechanism for Project-Affected People (PPM). The PPM provides Òan opportunity for an independent and impartial review of submissions from Project-affected people who believe they have been or are likely to be adversely affected by AIIBÕs failure to implement the ESP in situations when their concerns cannot be addressed satisfactorily through Project level GRMs or AIIB Management processes.Ó Two or more project-affected people can file a complaint. Under the current AIIB policy, when the bank co-finances a project with another development bank, it may apply the other bank's standards. You can refer to the Project Summary Information document to find out which standards apply. You can learn more about the PPM and how to file a complaint at: https://www.aiib.org/en/about-aiib/who-we-are/project-affected-peoples-mechanism/how-we-assist-you/index.html

The complaint submission form can be accessed in Arabic, Bahasa Indonesia, Bengali, Chinese, English, Tagalog, Hindi, Nepali, Russian, Turkish, or Urdu. The submission form can be found at: https://www.aiib.org/en/about-aiib/who-we-are/project-affected-peoples-mechanism/submission/index.html

How it works

How it works