Uzbekistan articles
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ACWA Power secures landmark $80m bridge loan from Bank of China for Uzbekistan projects
RIYADH: Saudi energy giant ACWA Power has secured an $80 million equity bridge loan from the Bank of China for its Uzbekistan initiatives. According to an official press release, the payment is split equally between Chinese yuan and US dollars, marking the first loan cooperation deal by a bank from the Asian country using its native currency involving a company from the Kingdom. ACWA Power said the fund will boost its Tashkent 200 megawatts solar photovoltaic power plant and 500...
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Bank of China provides US$80 million loan for ACWA Power solar-plus-storage project in Uzbekistan
The Bank of China has supplied ACWA Power with a US$80 million equity bridge loan for the latter’s Tashkent solar-plus-storage portfolio.