The Multi-Year Rolling Pipeline for 2026–2029 was signed on September 28 on the sidelines of AIIB’s 11th Annual Meeting in Doha, Qatar. The program sets out the two sides’ priority areas for cooperation over the coming years.
The parties also signed a $1.5 million grant agreement to prepare a project aimed at strengthening the resilience of Uzbekistan’s power transmission system.
The grant will finance technical studies and other preparatory work for a project designed to increase the capacity of the country’s electricity grid, improve its reliability and resilience to climate change, and expand its ability to connect renewable energy sources.
Particular attention will be given to the southern transmission corridor linking Surkhandarya and Samarkand regions, as well as the Fergana Valley.
The studies will assess technical solutions, investment requirements and climate-related risks. Their findings will then be used to develop the project for consideration and potential financing.
Uzbekistan plans to increase the share of renewable energy in electricity generation from around 30% to 54% by 2030. Achieving that target will require the modernization and expansion of the country’s electricity transmission network.
