Surkhandarya 1,560MW CCGT Power Plant

Surkhandarya 1,560MW CCGT Power Plant

Uzbekistan

2022 - 2026

E&S-Category: A

Status: Approved

Timeline

None so far

LATEST FIELD VISIT

May 17, 2023

FINAL REVIEW

June 14, 2023

FINANCING APPROVAL

April 27, 2022

TBC

LOAN CLOSURE

CONCEPT REVIEW

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EUR 1,205 mln

Total Project Costs

EUR 225 mln

AIIB

Remaining costs to be covered by Sponsors’ equity and external debts from financing partners yet to be confirmed.

Safeguard Concerns

• There is no information on how CO2 emissions calculations were derived and what scopes of emission are being considered. No estimated calculations of other emissions, including methane.
• The project site is beside the Uchkizil irrigation reservoir and there are no specific measures listed for avoiding contamination from effluent discharges or accidental leaks on-site.
• Details on community consultations and addressing project concerns raised by local people remain absent from AIIB's documentation.
• The project is expected to only become operational in 2026 and would undermine the AIIB’s own stated pursuit of Paris alignment and joint MDB climate commitments. To meet these goals, large-scale gas-fired generation needs to peak by 2030 and the electricity sector needs to be decarbonized by 2040.

Further Information