Date: Dec 31th 2016
The World Bank reported that the Executive Board approved a US $ 150 million fund for the modernization and upgrading of transmission substations in Uzbekistan aimed at improving the technical efficiency and reliability of the Uzbek transmission network.
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The project will help the Uzbek government to address a major constraint in the business environment in support of the creation of new jobs. This investment is part of Uzbek's goal of sustaining sustained economic growth by 2030 as an industrial high-income country.
"Uzbek's outdated infrastructure in the power sector, including the transmission grid, is a huge bottleneck for households and businesses," said Jan-Peter Olters, general manager of Uzbekistan. And support the creation of new, high-paying jobs. "
The project will reduce the cost of technical loss and operation and maintenance by renovating 22 substations in Tashkent and 10 districts.
Transmission upgrades will be implemented by Uzbek Energy, $ 92 million from the International Bank for Reconstruction and Development, and $ 58 million from the International Development Association (IDA).