The Uzbekistan Fund for Reconstruction and Development was established in 2006. It is a 100% state-owned fund that finances investment projects in Uzbekistan’s priority industry sectors—oil and gas, chemicals, energy, and metals and mining.
The fund has partnered with foreign investors, international financial institutions, and export credit agencies. Its beneficiaries are entities engaged in the strategic infrastructure and socioeconomic development of Uzbekistan. It has partnered with ADB since 2014, contributing $740 million to its work with ADB.
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ADB Loan to Help Modernize Power Generation in Uzbekistan
ADB approved a loan to help install between 850 to 950 megawatts in additional generation capacity in the Talimarjan thermal power plant using combined cycle technology, which will help improve power generation efficiency and energy security in Uzbekistan. The project is cofinanced by the Uzbekistan Fund for Reconstruction and Development.
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Smart Meters for Energy Efficiency
With ADB’s help, 1.4 million pre-paid smart meters were installed in three regions in Uzbekistan and a data center to process the information from the smart meters was built in the capital Tashkent. The smart metering system helps the electric utility provide better service to customers. Following the success, the government is now connecting all households and low-voltage consumers in remaining regions to smart metering.
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