ADB and FDA will provide $275 million for modernization of the energy sector

The Asian Development Bank (ADB) and the French Development Agency (FDA) will provide Uzbekistan with a loan of $275 million for the modernization of power grids, Spot reports this with reference to the bank’s press service.

ADB approved a $200 million loan to Uzbekistan aimed at modernizing and digitalizing the electricity distribution system to improve energy efficiency and service reliability.

As part of the project, 26 substations in regions of the country will be upgraded to digital substations, including a dispatch control and data collection system.

The result will be increased operational reliability and resilience of substations to natural disasters and extreme weather events, which will prevent regional power outages.

In addition, ADB will provide a technical assistance grant of $200 thousand to Regional Electric Networks (REN). These funds will be used to promote the participation of women and girls in the energy sector through the training of female students within the framework of the partnership educational program between the REN and Tashkent State Technical University.

FDA will also provide 70 million euros (about $75 million) in the form of co-financing, which will be partially administered by ADB.