Uzbekistan, Tashkent, March 16 / Trend D.Azizov /
The World Bank's Board of Directors this week approved a $110 million a loan to Uzbekistan for the Talimarjan Transmission Project. The project aims at improving the reliability of the electricity supply in four regions of Uzbekistan, including Samarkand, Kashkadarya, Navoyi, and Bukhara regions. This will be achieved by strengthening the network and reducing transmission losses.
Part of the project will cover the construction of a 500/220 kV new substation at Talimarjan TPP; a 218 km 500 kV single circuit transmission line from Talimarjan TPP to Sogdiana substation and a bay extension at the Sogdiana substation. The existing Karakul Guzar line, passing close by, would also be interconnected to the new Talimarjan substation.
Loan funds will be allocated from the International Bank for Reconstruction and Development under a guarantee from the Uzbek government for 25 years, including a five-year grace period, at a rate based on LIBOR.
Uzbekistan joined the World Bank in 1992. The World Bank's mission in the country is to improve people's livelihoods through being a partner in economic reforms, supporting the modernization of the country's social sectors and infrastructure, and sharing its knowledge and experience with the government and the people of Uzbekistan.
The WB's commitments to Uzbekistan amount to about $860 million.