| 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. |
