04 Mar 2024

ACWA Power Plans to Attract Loan From EBRD to Implement Project in Uzbekistan

04 Mar 2024  by en.trend   

ACWA Power from Saudi Arabia has expressed its intention to attract loan funds from the European Bank for Reconstruction and Development (EBRD) to implement a renewable energy project in the Tashkent region of Uzbekistan, Trend reports.

ACWA Power's plans include the construction of a solar power plant with a capacity of 200 MW and energy storage systems with a capacity of 500 MWh. The total cost of the project is estimated at $546.33 million.

To implement this project, ACWA Power intends to attract a loan of $140 million through the ACWA Power Riverside Solar company, created in Uzbekistan specifically for this purpose.

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