BAKU, Azerbaijan, March 4. ACWA Power from Saudi Arabia has expressed its intention to attract loan funds from the European Bank for Reconstruction and Development (EBRD) to implement a renewable energy project in the Tashkent region of Uzbekistan, Trend reports.
ACWA Power's plans include the construction of a solar power plant with a capacity of 200 MW and energy storage systems with a capacity of 500 MWh. The total cost of the project is estimated at $546.33 million.
To implement this project, ACWA Power intends to attract a loan of $140 million through the ACWA Power Riverside Solar company, created in Uzbekistan specifically for this purpose.