Status: Approved
Timeframe: 2022 - 2027
Area: Surkhandarya region, Uzbekistan
AIIB Investment Amount: € 225 million
Total Project Cost: € 1,205 million
Co-financier: Sponsors’ equity and external debts
Energy type: Gas
E&S Category: A
Project Details: The AIIB is proposing to provide a loan of 225 million EUR to support the design, construction, and operation of a new 1560MW Combined Cycle Gas Turbine Power Plant.
Capacity: 1,560MW
Construction Company: The project is being developed by Stone City Energy (SCE, 20%), EDF (20%), Siemens Energy (25%) and Nebras Power (35%), through a dedicated project company SCE-Quvvat.
Resettlement: No resettlement is expected as social surveys found all land areas provided for the project to be unoccupied, and no agricultural or other economic activity was observed within the project area.
Organizations monitoring: NGO Forum on ADB
AIIB interactions to date: None so far.
Further information: AIIB Page
Last update: 21.08.2024
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Dr. Nora Sausmikat
China desk/Campaigns on Multilateral Development Banks
nora.sausmikat [at] urgewald.org
+49 030 86329 22 32
Knud Vöcking
Campaigns on Multilateral Development Banks
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+49 (0)2583/30492-14
Dr. Dustin Schäfer
Campaigns on Multilateral Development Financial Institutions, Focus: Accountability and Transparency
dustin [at] urgewald.org