Developed under a DBFOOT model, the project reached Financial Close in March 2024 and achieved first debt drawdown in December 2024, overcoming complex challenges including insurance, geopolitical constraints, transport/sanctions issues, and sector-specific risks.
With a 25-year concession period, commissioning is expected in Q3 2027, positioning it as one of Central Asia’s most advanced power facilities, featuring:
- HL-class gas turbines with >64% efficiency
- Capability to operate on up to 50% hydrogen, enabling future decarbonization
- Full alignment with Uzbekistan’s energy transition goals
This pioneering project involves a financial package of EUR 1.25 billion combining Conventional financing, Islamic financing and ECA support, and is the first of its kind in Uzbekistan.
Synergy is honored to have served as exclusive Financial Advisor to the consortium of EDF, Nebras Power, Siemens Energy, and QuWatt B.V.
This landmark transaction reinforces Synergy’s track record in mobilizing financing for complex infrastructure projects, even amidst challenging global financing conditions. We remain committed to enabling transformative projects across and beyond the APAC region.
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