AIIB supports 1500 MW Sirdarya Combined Cycle Gas-Turbine (CCGT) Power Plant Project

The Asian Infrastructure Investment Bank (AIIB) has approved a US$100 million loan to ACWA Power Sirdarya LLC to support the construction of the Sirdarya 1,500 MW Combined Cycle Gas Turbines (CCGT) Power Project in the Republic of Uzbekistan.

The project, AIIB’s first nonsovereign-backed financing (NSBF) in Uzbekistan, aims to increase the availability of high-efficiency gas power generation capacity in the country.

The Government of Uzbekistan is implementing plans to meet the projected electricity demand and the long-term objective of ensuring reliable and efficient electricity supply while facilitating low-carbon transition toward carbon neutrality by 2050. The project is also in line with Uzbekistan’s Nationally Determined Contribution, which aims to decrease specific greenhouse gas emissions per unit of GDP by 10 percent by 2030 from 2010 levels.