The World Bank has approved the regional electricity market interconnectivity and trade programme, a 10 year regional initiative to strengthen electricity cooperation, cross border power trade and renewable energy integration across Central Asia.
The programme will be implemented in three phases and is designed to establish the region’s first regional electricity market. The first phase will cover Kyrgyzstan, Tajikistan and Uzbekistan along with the Central Asian countries’ coordinating dispatch center, CDC Energia. Under Phase I, participating entities will receive USD 143.2 million in grants and concessional financing, including USD 140 million from the International Development Association and USD 3.2 million from the Central Asia Water and Energy Program.