| Project Detail |
Location: Uzbekistan Project number: 54437 Business sector: Energy Notice type: State Environmental category: B Approval date: 15 Nov 2023 Status: Concept Reviewed PSD disclosed: 13 Jul 2023 A loan of up to EUR 250 million in favour of the Republic of Uzbekistan, with loan proceeds to be on-lent to JSC Thermal Power Plants (JSC TPP or the Company), a wholly state owned power generation company incorporated in the Republic of Uzbekistan and the Banks existing client, to finance its regulated operational expenses (the Project). Project Objectives The loan proceeds will be used to finance working capital and operational liquidity needs in the aftermath of the COVID-19 crisis. The Project will provide immediate liquidity to the Company to support the Companys uninterrupted operations, ensuring the Companys appropriate preparation and maintenance ahead of the next winter season. The Project will combine immediate response with long-term reform objectives such as supporting decarbonisation and tariff reform. |
