ADB approves $60m loan for hydropower plants in Uzbekistan

WCN Editorial Team 4 Oct 2019 ASIA ENERGY & UTILITIES

The Asian Development Bank (ADB) has approved $60m (£48.7m) in financing for the construction of hydropower plants (HPPs), with a total generation capacity of 25MW, in Uzbekistan.

The hydropower plants are expected to help the country diversify its energy mix through better use of clean energy sources and reducing carbon emissions.

Estimated to cost $75.3m, the project involves the construction of 6MW plant in Rabat, 8MW plant in Chappasuy, 10MW plant in Tamshusu, and three mini/micro-hydropower plants with a combined capacity of 1MW. It is planned for completion by the end of 2023.

The Uzbekhydroenergo, which manage the government’s $2.6bn investment programme to increase the country’s hydropower capacity by 1,600MW by 2030, will serve as the project’s executing agency.

The funding is expected to strengthen Uzbekhydroenergo’s institutional capacity and corporate governance during the project.

The project will help the government to prepare a hydropower development plan that helps in identifying potential private sector investment opportunities.

ADB Central and West energy specialist Seung Duck Kim said: “ADB’s assistance to help build HPPs will boost Uzbekistan’s aim of securing a cleaner, more sustainable energy future.

“The project’s integrated approach to high-quality design, international practices on safeguards, and climate change resilience is a template for similar development of hydropower projects in Uzbekistan.”

According to ADB, Uzbekistan has exploited only 1.9GW or 20% of the existing hydropower potential. 

Recently, ADB has approved a loan worth $167.02m for a project to reconstruct 89km of road between Aktobe and Kandyagash in Kazakhstan.

The project aims to connect major trade routes in Kazakhstan and is expected to improve the connectivity, trade activities, and road safety in the country.

The loan amount is provided to KazAvtoZhol National Joint Stock Company (KazAvtoZhol), which is responsible for the planning, construction, operation, and maintenance of national highways of Kazakhstan.

The project will include the reconstruction of all bridges, construction of two new bypasses of villages, enhancement of the connectivity between two corridors (1 and 6) of the Central Asia Regional Economic Cooperation (CAREC).

-------------------------------------------------------------------------------------------------------------------------------------------------Image: ADB grants loan to construct hydropower plants Uzbekistan. Photo: courtesy of patrick gantz from Pixabay.

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