World Bank supports Uzbekistan’s energy sector transformation

The World Bank will implement a new project to modernise Uzbekistan’s transmission network and facilitate more renewable energy ensuring reliable energy supplies to millions of households and businesses across the country.

Electricity Sector Transformation And Resilient Transmission Project is supported by a concessional loan of $380 million from the International Development Association (part of the World Bank Group), and a $43 million loan from the Green Climate Fund (GCF) under the Sustainable Renewables Risk Mitigation Initiative Facility. A repayment period is estimated to be 40 years.

The project will foster the decarbonization of Uzbekistan’s energy market, support the integration of 1,500 MW of renewable energy into the power grid, lead to the reduction of CO2 emissions and help to attract private investment into the country’s energy sector. It is also expected, that 22 existing obsolete high-voltage substations will be modernised and a new 500 kV transmission substation with associated transmission will be constructed.