According to MIGA site information, bank is going to support Chartered Bank, for their non-shareholder loans and interest rate swaps to the FE ACWA Power Dzhankeldy Wind LLC (the "Project Enterprise"), wholly owned by ACWA Power of Saudi Arabia (ACWA) for the development of a wind power project in Uzbekistan (the "Project"). The Chartered Bank are seeking guarantees of up to US$ 332.5 million for a period of up to 20 years.
The Project is expected to:
(i) add green electricity capacity into the grid to meet planned growth in demand;
(ii) reinforce the relevance of renewable sources within sustainability objectives to meet climate action goals; and
(iii) signal Uzbekistan as a viable destination for foreign investors in support of the country's objective to modernize its economy, including in generation.
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ACCOUNTABILITY MECHANISM OF IFC/MIGA
The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org. You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org