Syrdarya Power Project (EBRD-51963)

  • Uzbekistan
Where the impacts of the investment may be experienced.
Financial Institutions
  • European Bank for Reconstruction and Development (EBRD)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Bank Risk Rating
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Dec 16, 2020
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
ACWA Power Syrdarya
The holder of the loan, grant, or other investment.
  • Energy
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 200.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 1,187.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ EBRD website

Updated in EWS Jan 20, 2021

Disclosed by Bank Nov 12, 2020

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Project Description

According to EBRD site, this loan would be provided to ACWA Power Syrdarya with a purpose of construction of 1,500MW combined-cycle gas-fired power plant in the Syrdarya region of Uzbekistan.


This project is one of the component of modernisation of the power generation sector in Uzbekistan. The Project will lead to the closure of at least 1,200MW of old and inefficient capacity, resulting in the reduction of approximately 1,500,000 tonnes of CO2 emissions per year. 



Investment Description
Private Actors Description

ACWA Power Sirdarya is a special purpose vehicle incorporated in Uzbekistan for the sole purpose of the Project, and is ultimately 100 per cent owned by International Company for Water and Power Projects ("ACWA Power"). ACWA Power is a developer and operator of a number of power generation and desalinated water plants across Middle East, Asia and Europe. Registered and headquartered in the Kingdom of Saudi Arabia.

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 Client Energy

Contact Information

Company Contact Information

Hicham El Maanouni
+971 278 3001


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