Uzbekistan: Power Transmission Project in Tashkent (AIIB-00000076)

Countries
  • Uzbekistan
Where the impacts of the investment may be experienced.
Specific Location
Tashkent, Sergeli district
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.
Financial Institutions
  • Asian Infrastructure Investment Bank (AIIB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project 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.
Voting Date
Nov 1, 2018
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
Republic of Uzbekistan
The holder of the loan, grant, or other investment.
Sectors
  • Construction
  • Energy
The service or industry focus of the investment. A project can have several sectors.
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.
Primary Source

Original disclosure @ AIIB website

Updated in EWS Jul 13, 2018

Disclosed by Bank Mar 20, 2018


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Project Description

The stated aim of this project is to provide 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 the extension of the metro line, to the residential area in Sergeli district, and to a new metallurgical plant currently under construction in Tashkent.

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

Investment Description
  • Asian Infrastructure Investment Bank (AIIB)
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