ADB approves USD200 million loan to improve power sector in Uzbekistan

The Asian Development Bank (ADB) has approved a $200 million policy-based loan to strengthen Uzbekistan’s power sector by improving its financial sustainability. …

As a first of its kind in Uzbekistan’s energy sector, this policy-based loan will be critical to support complex reforms and deepen private investment in the sector. ADB’s Power Sector Reform Program will provide budget support and targeted policy actions aimed at restructuring the power sector with focus on institutional strengthening of Uzbekenergo—the state-owned national grid developer of Uzbekistan. The programme has been jointly developed with Agence Française de Developpement (AFD) or the French Development Agency, which will provide co-financing of about USD174 million in loans.

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