No project description provided by the ADB at the time of disclosure.
As stated on the company's dedicate project page, the Bash 500 MW Wind Farm is a greenfield Independent Power Project IPP that is developed by ACWA Power in the Republic of Uzbekistan.
ACWA Power and the JSC National Electrical Grid of Uzbekistan signed a 25-year Power Purchase Agreement (PPA) for the development/construction/operation of a 500 MW onshore wind power plant. JSC National Electric Grid of Uzbekistan acts as the sole off-taker.
The project will be located in the Bukhara region and will be developed as a ‘Build, Own, Operate, Transfer’ project. ACWA Power will take the lead in the construction, engineering, operation and maintenance the plant.
The ADB categorized the project risk as follows:
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.
ACWA Power Bash Wind FE LLC is its subsidiary, in charge of developing the Bash WPP.
|Private Actor 1
|Private Actor 1 Role
|Private Actor 1 Sector
|Private Actor 2
|Private Actor 2 Role
|Private Actor 2 Sector
|ACWA Power Company
|ACWA Power Bash Wind Foreign Enterprise Limited Liability Company
|JSC National Electric Grid of Uzbekistan
|ACWA Power Company
No project contacts provided at the time of disclosure.
ADB Team Leader:
Wolfgang Pocheim - Senior Investment Specialist
Client - ACWA Power Company:
Address: Block-A, 13th Floor, 107-B, Amir Temur Avenue, Tashkent, Uzbekistan
Phone: +998 71 238 99 60
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ACCOUNTABILITY MECHANISM OF ADB
The Accountability Mechanism is an independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an Asian Development Bank-financed project. If you submit a complaint to the Accountability Mechanism, they may investigate to assess whether the Asian Development Bank is following its own policies and procedures for preventing harm to people or the environment. You can learn more about the Accountability Mechanism and how to file a complaint at: http://www.adb.org/site/accountability-mechanism/main.