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The Asian Development Bank To Continue To Scale Up Private Sector Investment In Uzbekistan’s Renewable Energy Sectors

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The Asian Development Bank (ADB) will continue to scale up private sector investment in Uzbekistan’s urban and renewable energy sectors, and extend its support into new areas such as education and health, ADB Vice-President for Private Sector Operations and Public–Private Partnerships (PPPs) Ashok Lavasa told senior government officials during meetings in Tashkent.

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The Asian Development Bank (ADB) will continue to scale up private sector investment in Uzbekistan’s renewable energy sectors, ADB Vice-President for Private Sector Operations and Public-Private Partnerships (PPPs) Ashok Lavasa told senior government officials during meetings in Tashkent.

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“Uzbekistan continues to build a vibrant PPP program and ADB is fully committed to further supporting its development including in important service sectors such as solid waste management, wastewater treatment, district heating, and renewable energy generation,” said Mr Lavasa.

“These services are critical to improving the quality of life for people living in urban areas. I am pleased to report strong progress in two ADB-advised projects—the Tashkent District Heating Network and the Namangan Wastewater Treatment Plant—which have both now reached commercial close.”

Mr Lavasa made the comments in meetings with Deputy Prime Minister, Minister of Investments and Foreign Trade Sardor Umurzakov; Deputy Prime Minister and Minister of Economic Development and Poverty Reduction Jamshid Kuchkarov; First Deputy Minister of Housing and Communal Services Sakhib Saifnazarov; and other key government and private sector stakeholders.

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Mr Umurzakov, who is also ADB’s Governor, and Mr Kuchkarov welcomed the bank’s continued support for Uzbekistan’s PPP program, as well as assistance provided by ADB in areas such as state-owned enterprise reforms.

In September, Tashkent City Municipality signed a 30-year PPP agreement with Veolia Energy Tashkent to upgrade, operate, and maintain the Tashkent District Heating Network, resulting in higher safety standards and savings of natural gas, energy, and water of between 25% and 40%.

By expanding its support to grow private sector participation in the renewable energy sector by up to 2 gigawatts, ADB will scale up its contribution to Uzbekistan’s expanded renewable energy target of 12 gigawatts by 2030.

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