World Bank Supports Central Asia's First Regional Electricity Market to Boost Energy Security and Affordability
United States, Jan. 22 -- The World Bank's Board of Executive Directors approved the Regional Electricity Market Interconnectivity and Trade (REMIT) Program, which will be implemented over a 10-year period across three phases to boost energy connectivity in Central Asia. The multi-phase program will establish Central Asia's first-ever regional electricity market, increase electricity trade, expand transmission capacity, and lay the groundwork for large-scale renewable energy integration.During the REMIT Program's first phase, the Kyrgyz Republic, Tajikistan, and Uzbekistan, as well as the Central Asian Countries' Coordinating Dispatch Center (CDC) Energia, will benefit from program grants and concessional financing totaling $143.2 million, ...
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