Electricity Transmission Modernization and Market Development (WB-P171683)

Countries
  • Uzbekistan
Where the impacts of the investment may be experienced.
Financial Institutions
  • World Bank (WB)
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
B
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 19, 2020
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
  • Communications
  • 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)
$ 300.00 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)
$ 535.00 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 @ WB website

Updated in EWS Apr 16, 2020

Disclosed by Bank Mar 28, 2020


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Project Description

According to Bank documents, this project provides financing to improve the reliability of the power transmission system and operation of the newly established transmission company to facilitate electricity market development in Uzbekistan. Components include:

  • Digitalization of the electricity transmission sector
  • Power grid strengthening and modernization
  • NES Institutional Development and project implementation support
  • Electricity market development

This project has been given a Substantial risk rating by the World Bank.

Investment Description
  • World Bank (WB)
Contact Information

World Bank 
Ferhat Esen, Husam Mohamed Beides, Maksudjon Safarov
Senior Energy Specialist

Implementing Agencies
JSC "Uzbekistan National Power Networks"
Dadajon Isakulov
Chairman of Board
grp_modern@mail.ru

Ministry of Energy
Sherzod Khodjaev
Deputy Minister
khodjaev.sh@minenergy.uz 

ACCOUNTABILITY MECHANISM OF WORLD BANK
The World Bank Inspection Panel is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by a World Bank-financed project. If you submit a complaint to the Inspection Panel, they may investigate to assess whether the World Bank is following its own policies and procedures for preventing harm to people or the environment. You can contact the Inspection Panel or submit a complaint by emailing ipanel@worldbank.org. You can learn more about the Inspection Panel and how to file a complaint at: http://ewebapps.worldbank.org/apps/ip/Pages/Home.aspx