As stated by the EBRD, the Project entails the provision of an equity bridge loan of up to US$ 5.5 million to finance the construction of an integrated renewable hydrogen production facility consisting of a 20 MW electrolyser fed by greenfield 52 MW wind power plant to produce around 3,000 tonnes of renewable hydrogen annually. The electrolyser will be located in the Chirchiq City, Tashkent region, and the wind power plant will be in the Gijduvon district, Bukhara region. The wind facility will be collocated with the existing 500 MW EBRD-financed Uzbekistan Bash WPP. The loan will be guaranteed by Joint Stock Company UzKimyoSanoat.
EBRD FINANCE SUMMARY
TOTAL PROJECT COST
Financing Structure: the EBRD is additional in providing financing at terms and conditions not available in the local market.
ENVIRONMENTAL AND SOCIAL SUMMARY
Categorised A (2019 ESP) on the basis of the expansion of a category A wind power project (Bash WPP) already financed by the Bank. The Project further includes a pilot hydrogen electrolyser plant to be located at a separate location at an existing ammonia production plant and which will be powered by the wind power plant expansion (once operational) through a wheeling agreement thus producing renewable hydrogen. The electrolyser plant component is categorised B. An ESIA has been developed for the expansion (52 MW) of the Bash 500 WPP and the ESIA package was disclosed on 21 December 2023 for a 60-day consultation period prior to consideration of the Project by the EBRD Board. The ESIA was subject to review by an independent consultant and the Bank. The electrolyser has also been subject to an ESIA for permitting purposes but that also considers the Bank's E&S requirements. This ESIA has also been reviewed by a consultant and the Bank. When available the Non-Technical Summary for the electrolyser will be disclosed with this PSD. An ESAP is currently being developed to structure the Project in line with the EBRD's E&S requirements.
The Bash 500 MW WPP (52772) is located in the Bukhara region of Uzbekistan and is currently under construction. It was categorised A by the EBRD due to its size, sensitive location (biodiversity) and associated E&S risks. The Project proposes an expansion of the WPP by 52 MW which will involve installing 8x6.5MW turbines. The same A categorisation is maintained for the expansion. The ESIA developed for the expansion by independent consultants includes an ESIA report, SEP, NTS and framework for Environmental and Social Management which includes comprehensive biodiversity data and assessment of cumulative impacts. Other existing management documents (e.g. Resettlement Action Plan) have been updated. The expansion will utilise the overhead transmission line for the Bash WPP. The ESIA concludes that the expansion will have similar impacts to the current WPP and such impacts can be managed through the planned mitigation measures.
The pilot hydrogen electrolyser plant will be located within UKS's MAXAM Chirchiq ammonia production facility in Chirchiq. It is a category B project on the basis of its size and that E&S risks and impacts are expected to be readily addressed. An ESIA as well as a framework for Environmental and Social Management NTS and SEP have been developed by a consultant. The electrolyser will employ Best Available Techniques ("BAT") in its design and ensure that appropriate safety assessments and features are included. The ESIA indicates that impacts associated with the electrolyser are limited. The electrolyser will source water, albeit low volumes, from the existing water network at the ammonia plant. This is not expected to impact water availability. Location of the electrolyser within an existing industrial facility has potential to increase industrial safety risks. This is compounded by the presence of residential areas near to the facility. The electrolyser will produce limited amounts of hydrogen (3000 tons) which will be fed into the ammonia plant's network directly. No storage is required. The electrolyser's safety provisions will need to be integrated into the ammonia plant's existing safety assessments, procedures and emergency response approaches. With these provisions, it is expected that safety risks will be sufficiently addressed.
TECHNICAL COOPERATION AND GRANT FINANCING
The Project benefits from TC for its legal due diligence partially funded by the Japan-EBRD Cooperation Fund ("JECF").
COMPANY CONTACT INFORMATION
Mr. Alimardon Abdukarimovaabdukarimov@acwapower.com+ 998 90 017 99 60https://www.acwapower.com/ACWA Power, Business Center Simurg Block-A, 3rd Floor,
Amir Temur Avenue 88a, Tashkent, 100084, Uzbekistan
As stated by the EBRD, "ACWA Power UKS Green H2 LLC JV" is a newly established special project vehicle incorporated in Uzbekistan for the development and implementation of the Project. The Borrower is owned by ACWA Power Company and Joint Stock Company UzKimyoSanoat (UKS).
ACWA Power is an international developer of power generation, desalinated water and renewable hydrogen production projects.
UKS is a chemical manufacturer based in the Republic of Uzbekistan. A subsidiary of UKS will be the off-taker of the renewable hydrogen produced by the Project.
|Private Actor 1
|Private Actor 1 Role
|Private Actor 1 Sector
|Private Actor 2
|Private Actor 2 Role
|Private Actor 2 Sector
|Industry and Trade
|ACWA Power Company
Client - ACWA Power UKS Green H2 LLC JV:
Mr. Alimardon Abdukarimov
Phone: + 998 90 017 99 60
Address: ACWA Power, Business Center Simurg Block-A, 3rd Floor, Amir Temur Avenue 88a, Tashkent, 100084, Uzbekistan
ACCESS TO INFORMATION
You can request information by emailing: firstname.lastname@example.org or by using this electronic form: https://www.ebrd.com/eform/information-request
ACCOUNTABILITY MECHANISM OF EBRD
The Project Complaint Mechanism (PCM) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an European Bank for Reconstruction and Development (EBRD)-financed project. If you submit a complaint to the PCM, it may assess compliance with EBRD's own policies and procedures to prevent harm to the environment or communities or it may assist you in resolving the problem that led to the complaint through a dialogue with those implementing the project. Additionally, the PCM has the authority to recommend a project be suspended in the event that harm is imminent.
You can contact the PCM at: email@example.com or you can submit a complaint online using an online form at: http://www.ebrd.com/eform/pcm/complaint_form?language=en
You can learn more about the PCM and how to file a complaint at: http://www.ebrd.com/work-with-us/project-finance/project-complaint-mechanism.html