ADB, Uzbekistan Sign $200 Million Power Modernization Loan
Thailand, Oct. 15 -- Asian Development Bank (ADB) President Masato Kanda met Uzbekistan Deputy Prime Minister and Minister of Economy and Finance Jamshid Kuchkarov today and signed a $200 million loan agreement to modernize the country's electricity distribution system, cut power losses, and improve reliability as electricity demand rises. The Modernization of Electricity Distribution Systems Program will upgrade 60 critical electricity distribution substations across Uzbekistan and introduce digital systems to improve management of the network. The program is ADB's first energy operation under the ADB-World Bank Full Mutual Reliance Framework and the first results-based lending operation in Uzbekistan's energy sector.Uzbekistan's electrici...
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