ADB approves $500M loan to boost Turkmenistan transmission network
Turkmenistan will receive a $500 million loan from the Asian Development Bank (ADB) to improve the country’s transmission network and reliability of power supply, as well as boost its potential to export electricity to neighbouring countries.
The loan will help fund the National Power Grid Strengthening Project which covers four of the five regions in Turkmenistan. The project will help establish an interconnected national transmission grid to improve reliability and energy efficiency, reports Compelo.
Within the project, the $500 million assistance will be used for the construction of 1,100 km of new 110 kV, 220 kV and 500 kV transmission lines across Turkmenistan and expansion of three existing substations.
The project will also finance the construction of new substations, including 500 kV substations in Balkan and Dashoguz, as well as 220 kV substations in Ahal, Balkan and Dashoguz.
The project should also improve the country’s capacity to trade electricity with Kazakhstan, the Kyrgyz Republic, Tajikistan, Uzbekistan, and Pakistan, and increase the electricity exports to Afghanistan.