World Bank Backs Tashkent

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The World Bank has approved a $380 million funding package to help Uzbekistan boost electricity output through the use of renewables, and meet its plan to have 25% of its energy consumption produced by non-carbon sources by 2030 (NC Apr.29'21). The funding will come from the World Bank's International Development Association, while an additional $43 million has been pledged by the Green Climate Fund, a South Korea-based group that supports renewables projects across the world. Uzbekistan will use most of the money for renewables projects to produce 1,500 MW, mostly from wind and solar, in collaboration with the private sector.

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