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ADB provides financial support to Turkmenistan in energy sector (Exclusive)

Turkmenistan Materials 17 September 2022 14:15 (UTC +04:00)
ADB provides financial support to Turkmenistan in energy sector (Exclusive)
Khayal Khatamzadeh
Khayal Khatamzadeh
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BAKU, Azerbaijan, September 17. The Asian Development Bank (ADB) provides financial support to Turkmenistan in the energy sector, Country Director of the Asian Development Bank for Turkmenistan Artur Andrysiak, told Trend.

"As of December 31, 2021, ADB has allocated 13 loans and technical assistance to Turkmenistan in excess of $630 million, and our current sovereign portfolio in the country includes the $500 million National Power Grid Strengthening Project", Andrysiak said.

He noted that this project helps to strengthen the transmission network of Turkmenistan and increase the reliability of its power supply through the construction of about 1,400 kilometers of high-voltage transmission lines and associated facilities such as substations.

"In accordance with the country partnership strategy, ADB's support also includes stimulating energy trade, connecting to markets and developing the private sector through investments in transport infrastructure, as well as working on knowledge on economic diversification and reforms," the country director said.

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