Uzbekistan has secured a 20-year loan agreement worth EUR 55.8 million with the French Development Agency to finance the building of new hydropower plants and the modernisation of existing ones. The country hopes to generate a quarter of its electricity from renewable sources by 2030, including 3.8GW of hydropower the technology can provide cheap and environmentally-friendly electricity, save fuel resources and meet the nation’s growing demand for energy.
Around EUR 46.5 million will contribute to the construction of a small hydropower plant in Tashkent and assist in the construction of two small projects in the Southern Fergana Canal, while EUR 9.3 million will contribute to a hydropower safety project in Charvak.
By the end of 2020, it is expected that seven projects with additional capacity of 118.3 MW will have been commissioned.
Source : STRATEGIC RESEARCH INSTITUTE, STEELGURU
