Regional Electricity Market Interconnectivity and Trade (WB-P509488)

Regions
  • Europe and Central Asia
Geographic location where the impacts of the investment may be experienced.
Countries
  • Kyrgyzstan
  • Tajikistan
  • Uzbekistan
Geographic location 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
Approved
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
A
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Jan 22, 2026
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Sectors
  • Energy
  • Infrastructure
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Grant, Loan
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 143.20 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Loan Amount (USD)
$ 80.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Grant Amount (USD)
$ 63.20 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Project Cost (USD)
$ 143.20 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Bank Documents
Media Documents
Primary Source

Original disclosure @ WB website

Updated in EWS Oct 6, 2026

Disclosed by Bank Mar 31, 2025

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

According to the World Bank, the REMIT Program aims to increase regional electricity trade, strengthen regional transmission capacity, and enable the integration of renewable energy in Central Asia through a multi-phase approach. It involves piloting and developing electricity trade, reinforcing interconnections, and enhancing regional institutional framework.

  • Component 1: Pilot regional electricity market. This component establishes, operationalizes, and pilots a short-term, transparent, and rules-based regional trading platform that complements existing bilateral contracts, using a day-ahead market to trade national surpluses and deficits and adopting a serviced market framework hosted by CDC Energia as the Regional Market Operator and central counterparty. Sub-components include design and delivery of market rules, participant eligibility and onboarding for transmission system operators and balance-responsible parties including, where permitted, independent power producers, configuration of the trading platform, staff training, and implementation followed by one to two years of live operation with options for extension; and development of an Automated Commercial Metered Data Management System to underpin settlement and reporting.
  • Component 2: Reinforcement and digitalization of regional interconnections. This component finances no-regret investments that modernize and digitalize priority 500 kV and 220 kV assets to increase capacity, reliability, and redundancy, reduce losses, and enable higher variable renewable energy integration and cross-border power flows, while incorporating climate resilience and fiber optic communications. Sub-components include, in Tajikistan, construction of a new 500 kV Dushanbe–Regar transmission line with optical ground wire and the upgrade and expansion of the Regar and Dushanbe 500/220/35 kV substations to secure evacuation from Rogun hydropower plant and double transfer capacity to Uzbekistan; in Uzbekistan, construction of a second 220 kV Uzbekistan–Paulgan–Fergana–Sokin circuit and the Uzbekistan section of the 220 kV Yulduz–Kristall cross-border line with associated substation extensions, fiber optic links, and Supervisory Control and Data Acquisition/Energy Management System (SCADA/EMS) integration to strengthen the Fergana energy hub; and in the Kyrgyz Republic, construction of the Kyrgyz section of the 220 kV Kristall–Yulduz line and modernization and rehabilitation of the 220 kV Kristall and Torobaeva substations to enhance transfer capacity and stability with Uzbekistan, alongside implementation support and preparation of subsequent phase investments.
  • Component 3: Strengthening the institutional framework and enabling environment. This component supports a phased regional governance setup for market development and coordinated planning, leveraging a ministerial-level Electricity Coordination Council under a Central Asia Energy Council, and uses CDC Energia to operate the pilot while options for a long-term market and system operator, a regional planning coordination body, and a regional regulatory body are developed. Sub-components include capacity building for national and regional institutions on technical, fiduciary, and environmental and social practices, knowledge sharing and monitoring and evaluation to inform subsequent market phases, design of trade-enabling financing and risk mitigation mechanisms, and support for coordinated cybersecurity practices and stakeholder engagement.
Investment Description
Here you can find a list of individual development financial institutions that finance the project.
Private Actors Description
A Private Actor is a non-governmental body or entity that is the borrower or client of a development project, which can include corporations, private equity and banks. This describes the private actors and their roles in relation to the project, when private actor information is disclosed or has been further researched.

According to the World Bank, the implementing agencies will be CDC Energia, National Electric Grid of Kyrgyzstan, National Electric Grid of Uzbekistan, and Shabakahoi Intiqoli Barq JSC.

Private Actor 1 Private Actor 1 Role Private Actor 1 Sector Relation Private Actor 2 Private Actor 2 Role Private Actor 2 Sector
- - - - JSC National Electric Grid of Uzbekistan Contractor Energy
- - - - OJSC National Electric Grid of Kyrgyzstan Contractor Energy
- - - - Shabaqahoi Intiqoli Barq OJSC Contractor Energy

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

World Bank Team Leaders:

Maksudjon Safarov - Senior Energy Specialist
Email: msafarov@worldbank.org 

Manuel Berlengiero - Lead Energy Specialist
Email: mberlengiero@worldbank.org 

ACCESS TO INFORMATION

To submit an information request for project information, you will have to create an account to access the Access to Information request form. You can learn more about this process at: https://www.worldbank.org/en/access-to-information/request-submission

ACCOUNTABILITY MECHANISM OF THE 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. Information on how to file a complaint and a complaint request form are available at: https://www.inspectionpanel.org/how-to-file-complaint

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How it works