Uzbekistan: Bash 2 - 300MW Wind Power Plant (AIIB-001027)

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
Gijduvan district of the Bukhara region
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
A
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."
Voting Date
Dec 1, 2025
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
ACWA Power Company
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)
$ 120.00 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)
$ 120.00 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.
Project Cost (USD)
$ 293.00 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
Other Related Projects
Primary Source

Original disclosure @ AIIB website

Updated in EWS Sep 24, 2025

Disclosed by Bank Sep 23, 2025

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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.

As stated by the AIIB, the project development objective is to support the expansion of renewable energy in Uzbekistan by financing the construction of a 300MW wind power plant.

The Project involves the development, construction, and operation of a wind power plant of 300MW capacity and Purchaser Electrical Facilities, including a 1.5 km of single circuit of 500kV Overhead Transmission Line (OHTL) connecting to existing Bash-Karakul OHTL, as well as 500kV switching station. The proposed site is located in the Gijduvan district of the Bukhara region in southern Uzbekistan. This project will be co-financed with ADB and other commercial banks.

A 25-year PPA was directly negotiated and signed in November 2023 with the National Electric Grid of Uzbekistan (NEGU) as the offtaker. The Investment Agreement (IA) with the Ministry of Investments, Industry and Trade on behalf of the Government of Uzbekistan (GoU) was also signed in November 2023.

Early Warning System Project Analysis
For a project with severe or irreversible impacts to local community and natural resources, the Early Warning System Team may conduct a thorough analysis regarding its potential impacts to human and environmental rights.

According to the AIIB, the wind farm, located on government-owned land, will affect 12,626 hectares, with only a small portion utilized during construction and operation, allowing most land to remain accessible to leaseholders. The Project will necessitate the resettlement of assets for 23 herders, with compensation plans in place to address business interruptions and transitions. The land allocations for 1.5 km of OHTL tower footprint will be relatively minor with 30 m health protection zone (HPZ) from the power line. Substation will be located within the footprints of the wind farm. In addition, the predominantly male workforce on-site may increase risks of gender-based violence (GBV) or sexual harassment (SH), and inadequate facilities can further restrict women involvement. Women in nearby communities may be disproportionately impacted by land acquisition and livelihood changes. These risks will be addressed through specific measures in the Contractor's ESMPs and Resettlement Plan (RP). The Project will cascade gender measures to site-specific ESMPs during project implementation, including inclusive recruitment, GBV and SH sensitization, safe working conditions, and gender-sensitive consultations.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.
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 by Bloomberg, ACWA Power Co provides utility services. The Company develops, owns, and operates seawater desalination and power generation projects. ACWA Power serves customers worldwide.

Private Actor 1 Private Actor 1 Role Private Actor 1 Sector Relation Private Actor 2 Private Actor 2 Role Private Actor 2 Sector
- - - - ACWA Power Company 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 Leaders:

Amit Kumar - Principal Investment Officer
Email: amit.kumar@aiib.org

Danurachman Krishana - Investment Officer
Email: Danurachman.krishana@aiib.org

Client - ACWA Power Company:

Sirine Taheri - Senior Manager, Investment and Project Finance
Email: staheri@acwapower.com

Akbar Mavlonov - Executive Business Development Manager
Email: amavlonov@acwapower.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

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