ADB will fund the installation of digital smart electricity meters for one million residential and small commercial power users in the cities of Bukhara, Jizzakh and Samarkand.
The meters will operate using an automated management system that will allow the utility company to reduce power losses and increase revenues.
According to ADB, the new meters employ a two-way communication technology that gives customers more frequent and detailed information on usage.
The loan has a 25-year term with a grace period of five years and annual interest determined in accordance with ADB’s LIBOR-based lending facility.
State-owned power utility Uzbekenergo will carry out the project which is expected to be completed by the end of 2014.
The Government of Uzbekistan and Uzbekenergo will provide counterpart funds of $50m for a total project cost of $200m.
