Uzbekistan secures loans to modernize power grid and integrate renewables
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The Uzbek government secured $300 million in loans from the World Bank and the Asian Development Bank (ADB) to upgrade 60 electrical substations.
The project aims to replace aging equipment and install digital control systems to monitor electricity loads and detect faults more quickly. The National Electric Grid of Uzbekistan will manage the program, which also includes improvements to cybersecurity, maintenance, and financial oversight. The upgrades address electricity losses and supply disruptions caused by an overloaded grid built decades ago.
By modernizing these facilities, the government expects to reduce annual electricity losses by 20 million kilowatt-hours by 2031. The project also helps the country reach its goal of 25 gigawatts of renewable energy capacity by 2030 by allowing the grid to accommodate at least 3.3 gigawatts of additional solar and wind power. The Uzbek government will contribute an additional $71 million to the $371 million total program cost.
The World Bank expects the improved electricity supply to support 11,700 jobs over the five years following the completion of the upgrades.
