EBRD To Provide Loan To Uzbekistan For Transmission Line Construction
Date
12/25/2024 7:09:10 PM
(MENAFN- Trend News Agency)
TASHKENT, Uzbekistan, December 26. The European
Bank for Reconstruction and Development (EBRD) is issuing a
sovereign loan of up to $66.4 million to the National Electric Grid
of Uzbekistan (Uzbekistan's national power transmission utility)
for construction of a new high-voltage transmission line, the bank
told Trend .
The new 500 kV transmission line will span 230 kilometers,
connecting Sarimay in the Khoresm region with Muruntau in the Navoi
region of Uzbekistan.
This crucial project aims to eliminate grid bottlenecks and
reduce electricity outages, particularly during peak demand
periods. It will also facilitate the integration of renewable
energy sources, supporting Uzbekistan's low-carbon development
strategy for its power sector, which was created with the bank's
assistance.
The project is expected to reduce greenhouse gas emissions by
4,143 tonnes annually and decrease electricity losses by 34,636 MWh
each year.
To date, the EBRD has invested approximately 5.3 billion euros
in 171 projects across Uzbekistan.
MENAFN25122024000187011040ID1109030240
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.