Uzbekistan's Ministry of Economy and Finance announced the signing of an agreement with the Asian Development Bank for a project to modernize the country's electricity distribution systems. The project will upgrade substations, expand grid capacity and introduce digital control systems to improve the reliability and efficiency of electricity supply. The agreement was signed during talks between Deputy Prime Minister and Economy and Finance Minister Jamshid Kuchkarov and Asian Development Bank President Masato Kanda. They also discussed potential bank support for artificial intelligence in economic analysis and forecasting, improved data management, digital infrastructure and cybersecurity, including access to technical assistance and international experts.
Uzbekistan's Ministry of Economy and Finance signs Asian Development Bank agreement to modernize electricity distribution
Uzbekistan's Ministry of Economy and Finance signed an agreement with the Asian Development Bank to modernize electricity distribution systems. The project will upgrade substations, expand grid capacity and introduce digital controls, while the parties also discussed technical support for artificial intelligence, data management and cybersecurity.