AIIB Watch Cases

Status: Approved
Timeframe: 2022 - 2026
Area: Surkhandarya region, Uzbekistan
AIIB Investment Amount: € 225 million
Total Project Cost: € 1,205 million
Co-financier: Sponsors’ equity and external debts

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: 31.12.2023