Quick Facts

Countries:
Where the impacts of the investment may be experienced.
  • Uzbekistan
Location: Tashkent
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
Banks:
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
  • Asian Infrastructure Investment Bank (AIIB)
Status: Proposed
Bank Risk Rating: U
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Board Decision Date: 2018-11-01
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower or Client: Republic of Uzbekistan
The holder of the loan, grant, or other investment.
Sectors:
The service or industry focus of the investment. A project can have several sectors.
  • Construction
  • Energy
Investment Type(s): Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD): $ 25.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD): $ 30.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.

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Primary Source

Original disclosure @ AIIB website
Updated in EWS: 2018-04-06
Disclosure Date: 2018-03-20
Uzbekistan: Power Transmission Project in Tashkent
AIIB-00000076

Project Description

This project provides financing to improve energy reliability in Tashkent and meet energy demand in the Sergeli district. Components include the construction of transmission lines and substations to supply energy to a new metallurgical plant currently under construction, the extension of the metro line and the residential area in Sergeli district.

The project will be implemented by Uzbekenergo, a publicly owned company in charge of electricity generation, transmission and distribution in Uzbekistan.

Investment Description
Private Actors
Contact Information

Asian Infrastructure Investment Bank (AIIB)
Ms. Carmen de Castro
Project Team Leader / Senior Investment Operations Specialist
E-Mail: carmen.decastro@aiib.org

Borrower
Ministry of Finance, Republic of Uzbekistan
3 Mustakillik 5, Tashkent, 100008, Republic of Uzbekistan
Email: info@mf.uz https://www.mf.uz

Implementing Agency
Joint-Stock Company (JSC) “Uzbekenergo”
Mr. Ulugbek Mustafoyev, Chairman of the Board 6, Istiklol str. Tashkent city, 100000, Republic of Uzbekistan
Phone: +998(71) 233-98-25. Fax: +998 (71) 236-27-00
e-mail: info@uzbekenergo.uz
www.uzbekenergo.uz 

Bank Documents