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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