TASHKENT, Uzbekistan, May 25. The European Bank for Reconstruction and Development (EBRD) is considering providing an $80 million loan for the construction of a transmission line between Uzbekistan's settlements, Trend reports.
According to the bank, the loan is envisaged to finance the construction of a 230 km, 500 kV overhead transmission line between Uzbekistan's settlements of Sarimay in the Khorezm region and Muruntau in the Navoi region.
Bank is an up to US$ to finance the construction of a 230 km 500 kV overhead transmission line between the settlements of Sarimay in Khorezm region and Muruntau in Navoi region.
Project implementation will be handled by the National Electric Grid of Uzbekistan.
The project will improve reliability, efficiency and stability of the transmission network as well as the quality and security of electricity supply in Uzbekistan.
To note, the current loan portfolio of EBRD projects in Uzbekistan has totaled 2.4 billion euros as of February 29, 2024.
In particular, the EBRD's loan portfolio is calculated for the implementation of 85 projects.
The majority of the portfolio, 75 percent (1.8 billion euros), focuses on sustainable infrastructure. The remaining 18 percent (437 million euros) is directed toward financial institutions, while industry, commerce, and agribusiness account for 7 percent (182 million euros).