The European Bank for Reconstruction and Development (EBRD) is strengthening Uzbekistan’s energy infrastructure by financing a critical high-voltage transmission line. The project aims to enhance the reliability and sustainability of the country’s electricity supply.
A sovereign loan of $66.4mn (€63.9mn) has been issued by the EBRD to the National Electric Grid of Uzbekistan (NEGU). This funding will support the construction of a 230 km, 500 kV transmission line connecting Sarimay in the Khorezm region to Muruntau in the Navoi region.
The new transmission line is designed to address grid bottlenecks, reduce electricity outages, and improve supply during peak demand periods. Additionally, it will integrate renewable energy sources into the grid, aligning with Uzbekistan’s low-carbon energy strategy developed in collaboration with the EBRD.
Environmental benefits of the project include an expected annual reduction in greenhouse gas emissions by 4,143 tonnes and a decrease in electricity losses by 34,636 MWh.
This initiative is part of the EBRD’s broader engagement in Uzbekistan. To date, the Bank has invested approximately €5.3bn in 171 projects across various sectors of the economy.
On November 12, during the COP29 summit in Baku, Uzbekistan's President Shavkat Mirziyoyev met with Odile Renaud-Basso, President of the European Bank for Reconstruction and Development (EBRD), to discuss strengthening their strategic partnership. The meeting focused on practical steps to enhance cooperation with the international financial institution.
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