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ADB supports modernization of Uzbekistan's electric power industry

21 August 2020

Asian Development Bank plans to provide Uzbekistan with $200 million credit, Trend reports citing the Ministry of Energy of Uzbekistan.

According to the Ministry, these funds will be used for the modernization of the electric power industry of Uzbekistan. The credit will be allocated for 15 years, the first three years of which will be a grace period.

Moreover, on Aug. 21, ADB organized the opening ceremony of the new building of the electric power center in Tashkent.

Earlier, the Government of Uzbekistan approved the concept of providing the country with electricity for 2020-2030. The strategic goal of the document is to provide the population and economy of Uzbekistan with electricity at competitive prices, develop a balanced energy sector, covering the best international practices and current trends in the global power industry.

It is planned to increase electricity production from 5,900 MW to 29,200 MW by 2030.

Earlier, ADB has approved a $100-million loan to increase Uzbekistan's resilience to health emergencies, including the coronavirus pandemic. Moreover, some 20 oxygen concentrators secured through the United Nations Children's Fund (UNICEF) under ADB's $1.5 million grant were delivered on July 24, 2020.