The Asian Development Bank (ADB) and ACWA Power entered into a $174 million loan agreement for the development of two wind farms in the Bukhara region.

The Bank will provide loans in the amount of $40.5 million for the Bashskaya power plant and $46.5 million for the Dzhankeldinskaya power plant. 

In addition, ADB will manage loans for these plants from Asia`s Leading Private Infrastructure Fund for the same amount. The money to finance the loans will come from ADB`s regular capital resources.

The two power plants will have a combined 158 wind turbines that will generate 3,235 GWh of power and displace up to 2 million tons of carbon dioxide equivalent per year. 

The loans will also be used to build 282.5 km of a 500 kilovolt transmission line to connect to the power grid.