The loan agreement for the modernization (upgrade) of the Tashkent B and Bukhara natural gas power plants in Uzbekistan, with installed capacity of 230 MW and 270 MW respectively, was signed with Bayern LB (Bayerische Landesbank) on 4th March 2024. This project is part of a collaboration with the Finnish energy solutions company Wartsila.
As part of the mentioned project, it is planned to increase the available capacity by a total of 50 MW in both power plants. The project aims to increase the annual EBITDA contribution from Uzbekistan power plants by 10% in 2025 compared to the previous year.
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