The Asian Development Bank (ADB) has approved a USD 350 million loan to finance a combined-cycle gas turbine (CCGT) 800MW power plant in Uzbekistan. The power plant will be Central Asia’s first such station, costing about USD 1.28 billion to build. The station is expected to improve power generation efficiency from 30 to over 50%, saving fuel and cutting carbon emissions by over 1 million tons of CO2 equivalent per year. ADB will first provide USD 340 million with a repayment period of 25 years, followed by the second loan of USD 10 million. The Uzbekistan government, along with other state bodies, will fund another USD 630 million while it has requested Japan International Cooperation Agency to loan of up to USD 300 million for the project.
