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OFID s $50m loan to increase efficient power generation capacity in Uzbekistan
VIENNA, 18th April, 2021 (WAM) The OPEC Fund for International Development (OFID) has signed a US$50 million term loan agreement with ACWA Power to support the construction and operation of a 1.5 GW combined cycle gas-turbine power plant in Sirdarya, Uzbekistan.
The new plant, located near the border with Tajikistan, will replace an ageing, less efficient thermal power facility, resulting in lower operating costs and a significant reduction in GHG emissions.
Although Uzbekistan is well electrified and electricity demand is increasing, the efficiency of its power plants is low due to outdated infrastructure and technologies. The country experiences regular power outages, which undermine the productivity of businesses and the delivery of energy to households.
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OPEC Fund s US$50m loan to increase efficient power generation capacity in Uzbekistan
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VIENNA, April 16, 2021 /PRNewswire/ The OPEC Fund for International Development (the OPEC Fund) has signed a US$50 million term loan agreement with ACWA Power to support the construction and operation of a 1.5 GW combined cycle gas-turbine power plant in Sirdarya, Uzbekistan. The new plant, located near the border with Tajikistan, will replace an ageing, less efficient thermal power facility, resulting in lower operating costs and a significant reduction in GHG emissions.
The OPEC Fund’s US$50 million loan to ACWA Power will support the construction and operation of a 1.5 GW combined cycle gas-turbine power plant in Sirdarya, Uzbekistan. Photo Credit: ACWA Power. (PRNewsfoto/OPEC Fund for International Development)