The Asian Development Bank (ADB) will continue supporting private sector-led development in Uzbekistan, including renewable energy, as the country pursues a new development strategy, ADB President Masatsugu Asakawa said in a virtual meeting with Deputy Prime Minister and Minister of Investments and Foreign Trade Sardor Umurzakov.

Uzbekistan’s new national development strategy, 2022–2026 prioritizes improving people’s livelihoods and society, including by developing social infrastructure in communities and reforming the state.

Uzbekistan aims for 25% of its energy consumption to be derived from renewable sources by 2030. ADB supported Uzbekistan’s first major private sector renewables investment with a $17.5 million loan for a 100-megawatt solar power plant. ADB also helped to secure public-private partnership (PPP) contracts in solar power, district heating, and wastewater treatment.