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US$ 47.1 million EBRD mortgage to Nationwide Electrical Grid of Uzbekistan -
Mortgage to fund a brand new transmission line, enhance capability and enhance grid reliability -
Mission supported by Early Transition International locations Fund and Shareholder Particular Fund
The European Financial institution for Reconstruction and Improvement (EBRD) is facilitating a extra dependable and sustainable electrical energy transmission community in Uzbekistan by offering contemporary funds to state energy transmission firm Nationwide Electrical Grid of Uzbekistan (NEGU).
The sovereign mortgage of as much as US$ 47.1 million will assist NEGU, an current Financial institution consumer, to finance the development of a brand new transmission line between the settlements of Sarimay and Djankeldy within the Khoresm and Bukhara area. The brand new line will hyperlink two wind farms – at the moment below improvement, with a complete put in capability of as much as 1GW – with the nationwide grid.
This community growth will facilitate the additional integration of renewables into Uzbekistan’s grid. It can additionally assist stability the load of current transmission strains and deal with the problem of power provide bottlenecks within the north and south-western elements of the nation.
The undertaking will enhance the capability of the electrical energy system and assist cut back grid losses. That is significantly vital for Uzbekistan’s rising industrial base and rising inhabitants, which require an ever extra sustainable energy provide.
EBRD First Vice President Jürgen Rigterink stated: “Uzbekistan is just not solely probably the most populous state in Central Asia, however can also be the fastest-growing economic system within the area, which wants sustainable infrastructure options. Our Financial institution stands able to help this progress by financing such initiatives.”
As a part of the undertaking, supported by the Early Transition International locations Fund and the Shareholder Particular Fund, the Financial institution will assist NEGU with its capability constructing.
To this point, the EBRD has invested greater than €3.6 billion in 113 initiatives in Uzbekistan.
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