Eurasian Development Bank to support renewable energy projects in Uzbekistan, discusses role in transport corridor projects
TASHKENT. June 19 (Interfax) - The Eurasian Development Bank (EDB) and Yashil Energiya LLC, Uzbekistan's national renewable energy operator, have signed a memorandum of understanding to cooperate in renewable energy, Uzbek media reported.
The signing ceremony took place within the framework of the Tashkent International Investment Forum.
"The parties plan to jointly finance and implement projects in distributed solar generation, electric vehicle charging infrastructure and small hydropower plants in Uzbekistan," the reports said.
The partnership envisages building a pipeline of energy projects in the Republic, introducing modern digital solutions, and developing a service-based business model to stimulate the green energy transition in both the public and private sectors.
Alexey Skatin, Deputy Chairman of the Management Board of EDB, said partnership with Yashil Energiya would help introduce advanced technological and digital solutions that will enable Uzbekistan to move towards carbon neutrality while creating new opportunities for businesses and the public.
Nodirbek Nasretdinov, General Director of Yashil Energiya, said coperation with EDB opened a new chapter for the company, enabling it to scale up projects in distributed energy and charging infrastructure, which are critical for Uzbekistan's growing economy.
Uzbekistan and the Eurasian Development Bank are moving into a new practical stage of cooperation, Uzbek Deputy Prime Minister Jamshid Khodjaev said on social media following a meeting with Nikolai Podguzov, Chairman of the Management Board of the EDB.
"It is particularly important for us that, following Uzbekistan's accession to the Bank and the opening of its representative office in Tashkent, our cooperation is quickly gaining practical substance through concrete projects, financing mechanisms and long-term priorities," Khodjaev said.
A significant portfolio of joint initiatives has already been developed. It covers industry, mining, chemicals, textiles, construction materials, transport and logistics infrastructure, support for small and medium-sized businesses, digital platforms, healthcare and tourism, he said.
"We separately noted the signed Roadmap for the Development of Cooperation for 2026-2031. The Bank's potential participation in the development of transport and logistics corridors passing through Uzbekistan is of particular interest, including the North-South route and the China-Kyrgyzstan-Uzbekistan corridor. These routes are shaping a new economic geography for the region and opening up additional opportunities for trade, industry, and investment. We agreed to accelerate work on priority projects and move towards the practical implementation of the agreements reached," Khodjaev said.
