The European Bank for Reconstruction and Development (EBRD) says it is increasing the reliability and sustainability of Uzbekistan’s electricity supply by helping to finance the construction of a new high-voltage transmission line connecting the country’s north-western and south-western regions. The EBRD is issuing a sovereign loan of up to US$ 66.4 million (€63.9 million) to the
The World Bank has approved $3.5 million in financing for Uzbekistan in the form of a payment guarantee to support the country’s development of renewable energy. This support will secure the obligations of the state-owned National Electric Grid of Uzbekistan JSC to purchase electricity from a new 100-megawatt (MW) solar power plant to be constructed
The World Bank has approved a $350 million International Development Association (IDA) grant as part of the first phase of a program to help Tajikistan finance the completion of the Rogun Hydropower Plant (HPP) Project. With a projected installed capacity of 3,780 Megawatts, the Rogun HPP will provide about 10 million people in Tajikistan with better
Russia’s state-owned atomic company Rosatom is selling its stakes in uranium deposits in Kazakhstan to Chinese-owned companies as the Central Asian nation looks to avoid any international sanctions against Russian-linked assets and a sign of China’s growing influence in the region, RFE/RL reported. Kazatomprom, the world’s largest producer of uranium, said Uranium One Group —
The Eurasian Development Bank (EDB), the Ministry of Economy and Commerce and the Ministry of Energy of the Kyrgyz Republic have signed a trilateral Memorandum of Cooperation on the Suusamyr-Kokomeren HPP Cascade Project. An essential factor in Kyrgyzstan’s economic development is increasing energy capacity by utilising the natural hydropower potential of its rivers. The construction
The European Bank for Reconstruction and Development (EBRD) says it is contributing to greater energy security in Kazakhstan and helping to improve the reliability of its power supply system by arranging €267 million in financing for the Kazakhstan Electricity Grid Operating Company (KEGOC). The financial package consists of a Bank loan of up to €252 million and a concessional
On November 29, at the Uzbek Ministry of Investment, Industry and Trade, the Investment Agreement for the construction of a 300 MW solar power plant and a 75 MW energy storage system in the Karmana district of the Navoi region of Uzbekistan was signed. The ceremony was attended by Laziz Kudratov, Minister of Investment, Industry
Kyrgyzstan and German companies have signed an investment agreement on a project to build and operate two floating solar power plants on the surface of the reservoir of Kyrgyzstan’s largest Toktogul hydroelectric power plant. The agreement was signed on November 26 between the Kyrgyz Cabinet of Ministers and Sonnenenergie, a.s., AB Progressio GmbH, and LTI
Tajikistan may join a green corridor between Kazakhstan, Uzbekistan, and Azerbaijan, Tajik Minister of Energy and Water Resources Daler Juma said during the COP29 summit in Baku. “This is a very interesting project, although our colleagues have not yet approached us with an official proposal. It is obvious that such initiatives are of great importance
The Asian Development Bank (ADB) and the Government of Kazakhstan have moved a step closer toward the possible early retirement of a coal plant in Kazakhstan under the bank’s Energy Transition Mechanism (ETM) program. Under a memorandum of understanding (MOU) signed at COP29 by ADB and Kazakhstan’s Ministry of Energy, the two sides will work toward a
The European Bank for Reconstruction and Development (EBRD) says it is helping Uzbekistan to further decrease its reliance on carbon-intensive thermal-power generation and will facilitate the country’s transition to a low-carbon economy by providing funds to construct a solar plant in the Khorezm region of the country. The EBRD’s financial package of up to US$ 54.6 million
The International Finance Corporation (IFC), a member of the World Bank Group, has announced a $240 million Islamic Equity Bridge Loan (EBL) financing for ACWA Power to support the development of Uzbekistan’s renewable energy sector. IFC’s financing will support the construction and operation of two projects, with a cumulative capacity of a 1-gigawatt solar PV
The Asian Development Bank (ADB) has approved additional grant financing of $15 million to help Tajikistan scale up an ongoing project to reconnect the country’s power system to the Central Asian Power System (CAPS) through interconnections with neighboring Uzbekistan. “Through the Central Asia Regional Economic Cooperation (CAREC) program, ADB actively promotes regional power trade among countries in
USAID Deputy Assistant Administrator Änjali Kaur announced a new U.S. government-sponsored Green Solutions Activity in Bishkek. This five-year initiative backed by a $24 million investment aims to empower small and medium enterprises in the Kyrgyz Republic to adopt innovative green solutions, enhance energy efficiency, and increase the supply of renewable energy. “This investment marks a
The Organization for Security and Co-operation in Europe (OSCE), in collaboration with the Swiss Agency for Development and Cooperation (SDC), successfully organized the second and third editions of the “Drops of the Future” youth workshop series on the Water-Energy-Food (WEF) Nexus. The workshops were held on 6-7 September in Almaty, Kazakhstan, and 19-20 September in Tashkent,
Kazakhstan’s Central Election Commission has announced preliminary results of a nationwide referendum to decide whether Kazakhstan should build its first nuclear power plant. In the October 6 referendum, more than 5.5 million eligible voters (71.12%) said yes to the construction of a nuclear power plant in Kazakhstan. The Commission said voter turnout was 63.6%, surpassing
On September 24, Chairman of the Management Board of JSC National Company Kazakh Invest Yerzhan Yelekeyev held a meeting with the Chairman of the Board of Directors of China Datang Corporation Ltd. Zou Lei, during which the parties discussed the implementation of the company’s investment project in Kazakhstan. Zou Lei informed the Kazakh side about the project’s progress for
Tajik officials have said that electricity rationing is being introduced a month earlier than usual this year, RFE/RL’s Tajik Service reported. Electricity rationing has turned into an annual routine in Tajikistan over the past three decades. It is usually introduced in late October or early November. But the Barqi Tojik state energy holding announced over the weekend
Construction work has been launched on the Afghan section of the Turkmenistan-Afghanistan-Pakistan-India (TAPI) natural gas pipeline. A ceremony to start works on the pipeline’s Serhetabat-Herat section was held on September 11 at a checkpoint on the Turkmen-Afghan border. It was attended by the Chairman of the People’s Council of Turkmenistan, Gurbanguly Berdimuhamedov and Mullah Mohammad
Kyrgyzstan’s Ministry of Finance on September 9 said that it signed the Credit and Grant Agreements with the World Bank on a $13.6 million additional financing for the Kambarata-1 Hydropower Plant (HPP) Project in Kyrgyzstan. Consisting of a $2.6 million grant and a $11 million loan, this additional funding will supplement the World Bank’s ongoing
