Uzbekistan to direct US$2.65 billion for development of hydropower sector

President of Uzbekistan Shavkat Mirziyoyev signed a decree “On program of measures for further development of hydropower sector for 2017-2021”.

Within the framework of the programme, Uzbekistan plans to implement 18 construction projects and 14 projects for modernization of hydroelectric power stations in 2017-2021 with total cost of US$2.65 billion.

The program of measures for the further development of hydropower also includes 42 promising projects with an approximate cost of about US$1.7 billion. These projects will be implemented by 2030.

Uzbekistan will send US$1.64 billion of its own funds for implementation of the programme. The country will also attract US$1.009 billion funds of international and foreign financial institutions.

At the same time, Uzbekistan intends to attract loans of Eximbank of China for US$572.8 million, Islamic Development Bank - US$181.1 million, Asian Infrastructure Investment Bank - US$77.3 million and Asian Development Bank - US$98.4 million.

Implementation of the programme will allow Uzbekistan to increase the capacity of hydroelectric power stations by 1.7 times to 3,038 MW by 2026. As a result, the share of hydropower in the structure of generating capacities will increase from 12.7% to 15.8%.