Deputy Minister of Investment, Industry and Trade of Uzbekistan Sarvar Hamidov and Asian Development Bank (ADB) director general for Central and West Asia Evgeny Zhukov have signed a memorandum of understanding (MoU) on the implementation of a $352.2mn project to improve the reliability and quality of energy supply services in the country.
The signing took place within the framework of the 56th annual meeting of the ADB in Incheon, South Korea, with the participation of ADB president Masatsugi Asakawa and Deputy Prime Minister of Uzbekistan Jamshid Khodzhayev.
The project is designed to help Uzbekistan restore and digitalise important distribution substations and strengthen the activities of the state-owned distribution company.
The main objective is to improve the reliability and quality of energy services. The project also aims to facilitate the transition to clean energy by reducing losses in the distribution system and greenhouse gas emissions. The implementation of the project would also facilitate the participation of women in work at energy enterprises.
To finance the project, the Uzbek government requested a loan of $200mn from the ADB's capital resources. Another $75mn will be provided by the French Development Agency AFD.
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