Talimarjan CCGT Uzbekistan

completed

The GoU has announced a plan to increase the generating capacities of the country by more than 2 times till 2030. The ambitious plan requires heavy investments in the energy sector and the state plans to attract private sector financing and knowledge to realize the expansion. The governments aggressive strategy is due to the need for investments to replace the very old existing TPPs where 40% of total installed generation capacity is past or close to the end of its operating life. One such plant is the Talimarjan TPP for which the GoU has entered into a bilateral agreement with Mubadala Investment Company to acquire and expand the existing TPP. The IFC team will advise the GoU on negotiating with Mubadala the terms and conditions of the investment, to be detailed in the Project Agreements related to (i) the sale of the existing units of Talimarjan TPP (TPPO and TPP1) and, (ii) the agreement to design, build, finance and operate the a new CCGT asset (TPP2).