125 views
Photo by Pixabay via Pexels

World Bank OKs $100m loan for renewable energy integration in Uzbekistan

This addresses the country’s urgent need to modernise its network.

The World Bank has granted a $100m concessional credit to help boost the integration of renewable energy into Uzbekistan’s distribution networks.

In a statement, the World Bank said Uzbekistan’s Regional Electric Power Networks (REPN) will also provide $50m in co-financing.

Uzbekistan’s energy system faces significant inefficiencies, including technical distribution losses estimated at around 13% as of 2024. These losses are primarily due to aging and overburdened infrastructure.

This calls for an investment to modernise the system and assist in the country’s goal of deploying 25 gigawatts of renewable generation by 2030.

“The World Bank’s financing will support Uzbekistan’s government program to modernise and expand the electricity distribution infrastructure through 2030, with total investment needs estimated at $3b,” said Tatiana Proskuryakova, World Bank director for Central Asia.

With $150 million in combined financing, REPN will develop infrastructure over the next five years to enhance the integration of renewable energy into distribution networks. This will also ensure a reliable electricity supply in priority regions, including the Republic of Karakalpakstan and Surkhandarya.

Join Asian Power community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Exclusives

Japan faces RE supply chain conundrum
It’s a choice between creating jobs later or now at the expense of higher energy prices.
Lower costs spark surge in battery storage projects
In 2024, lithium-ion battery pack prices dropped to the lowest in eight years.