The World Bank has approved a $100 million concessional loan to Uzbekistan to help integrate renewable energy into power grids and enhance electricity reliability in key regions. The national grid operator will contribute an additional $50 million to the five-year program.
The Executive Board of the World Bank has approved a concessional loan of $100 million to support Uzbekistan in implementing a major program focused on integrating renewable energy into the country’s distribution networks and improving power reliability in priority regions.
Uzbekistan’s national power distributor, Regional Electric Power Networks, will contribute an additional $50 million from its own funds, bringing the total investment to $150 million over the next five years.
The program aims to modernize and expand critical distribution infrastructure to facilitate the incorporation of renewable energy sources and ensure consistent electricity supply, particularly in Karakalpakstan and Surkhandarya region.
Key components of the program include:
- Construction and modernization of 6,000 kilometers of low-voltage power lines
- Replacement and installation of 1,200 distribution transformers with a total capacity of 250 MVA
- Installation of 150,000 smart meters to reduce commercial losses in RES networks
- Deployment of 4,000 data concentrators to automate and digitize the distribution system, transforming it into a modern and efficient network
By 2029, the program is expected to deliver significant results:
- Raise customer satisfaction with RES services to 90%
- Expand the network’s capacity to accept up to 50 MW of renewable energy generated by households and small to medium enterprises
- Cut greenhouse gas emissions by up to 450,000 tons of CO₂ annually
- Increase the proportion of women in technical and managerial roles at JSC RES from 9% in 2025 to 14%.
The European Union reiterated its strong support for the International Criminal Court after the U.S.sanctioned four of its judges.
The European Central Bank has reduced its three key interest rates by 25 basis points, aligning with expectations and reflecting progress toward its inflation target.
Centrica, owner of British Gas, has agreed to a £20 billion deal with Norway’s Equinor to supply nearly 10% of the UK’s gas needs annually for the next decade, supporting energy security while paving the way for future hydrogen integration.
Tesla’s shares declined by about 14.2% on Thursday, reducing the company’s market value by roughly $152 billion, as Elon Musk and Donald Trump publicly exchanged criticisms on social media.
The European Union reiterated its strong support for the International Criminal Court after the U.S.sanctioned four of its judges.
The European Central Bank has reduced its three key interest rates by 25 basis points, aligning with expectations and reflecting progress toward its inflation target.
Centrica, owner of British Gas, has agreed to a £20 billion deal with Norway’s Equinor to supply nearly 10% of the UK’s gas needs annually for the next decade, supporting energy security while paving the way for future hydrogen integration.
Officials from Turkmenistan and the Republic of Türkiye held comprehensive consultations at the Ministry of Foreign Affairs of Turkmenistan today, reaffirming their commitment to deepening bilateral ties across political, diplomatic, economic, and cultural spheres.
Tesla’s shares declined by about 14.2% on Thursday, reducing the company’s market value by roughly $152 billion, as Elon Musk and Donald Trump publicly exchanged criticisms on social media.
As peace talks progress, voices from Yerevan, Tbilisi, and Baku reveal hopes, concerns, and expectations for a future shaped by trade, trust, and generational change in the South Caucasus.
A bridge collapse in the Vygonichsky district of Russia’s Bryansk region, near the Ukrainian border, caused a train derailment and a traffic accident early Sunday, killing at least seven people and leaving 30 injured, according to emergency services.
Ukraine’s Security Service (SBU) has confirmed it carried out a third targeted attack against the Crimean Bridge, also known as the Kerch Bridge, early Tuesday morning, marking a new escalation in the ongoing conflict with Russia.
A strong 6.3 magnitude earthquake shook Japan’s Hokkaido prefecture early Monday, causing no reported injuries or damage, and no tsunami warning was issued, officials confirmed.
Federal authorities have arrested 14 suspects in Los Angeles linked to an Armenian organized crime ring accused of stealing $30 million in COVID relief and Small Business loans intended to support American taxpayers.
Officials from Turkmenistan and the Republic of Türkiye held comprehensive consultations at the Ministry of Foreign Affairs of Turkmenistan today, reaffirming their commitment to deepening bilateral ties across political, diplomatic, economic, and cultural spheres.
Armenia's unchecked mining pollution poses a severe environmental crisis, imperilling water resources and health across the South Caucasus, including Azerbaijan. Heavy metal contamination in shared rivers threatens ecosystems and human well-being, demanding urgent international action.
China approved 11.29 gigawatts (GW) of new coal-fired power capacity in the first quarter of 2025, surpassing the 10.34 GW approved in the entire first half of 2024, according to a new report released by Greenpeace on Thursday.
Chinese authorities have warned of increased flood risks across northern China during the summer months, predicting more frequent and intense storms between June and August.
China’s central bank has announced a new set of measures to strengthen financial support for small and medium-sized enterprises (SMEs), aiming to help them navigate external uncertainties and maintain stable operations, according to a senior official at the People’s Bank of China (PBOC).
The European Union reiterated its strong support for the International Criminal Court after the U.S.sanctioned four of its judges.
The European Central Bank has reduced its three key interest rates by 25 basis points, aligning with expectations and reflecting progress toward its inflation target.
Centrica, owner of British Gas, has agreed to a £20 billion deal with Norway’s Equinor to supply nearly 10% of the UK’s gas needs annually for the next decade, supporting energy security while paving the way for future hydrogen integration.
Officials from Turkmenistan and the Republic of Türkiye held comprehensive consultations at the Ministry of Foreign Affairs of Turkmenistan today, reaffirming their commitment to deepening bilateral ties across political, diplomatic, economic, and cultural spheres.
Tesla’s shares declined by about 14.2% on Thursday, reducing the company’s market value by roughly $152 billion, as Elon Musk and Donald Trump publicly exchanged criticisms on social media.
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