EBRD Boosting Sustainable Investments in Central Asia with a Focus on Renewable Energy
Key Ideas
  • EBRD is on track for a record-breaking year with 86 projects and investments close to 1.4 billion euros in Central Asia, signifying economic growth and sustainability.
  • Key projects include a major solar energy and hydrogen project in Uzbekistan, and modernization efforts at the Qairokkum Hydropower Plant in Tajikistan.
  • In Kazakhstan, EBRD's investments focus on private entrepreneurship, including funding for Air Astana, municipal projects, and the Almaty airport's international terminal.
  • Hüseyin Özhan emphasizes the significance of renewable energy as a crucial sector for Central Asia's future, attracting international investors like Total Energies and ACWA.
The European Bank for Reconstruction and Development (EBRD) is making significant strides in Central Asia by increasing investments in sustainable energy and infrastructure projects. The EBRD Acting Managing Director for Central Asia, Hüseyin Özhan, highlighted the bank's optimistic outlook for 2024, with a focus on boosting economic development in the region. With 86 projects and investments nearing 1.4 billion euros, EBRD is poised for a record-breaking year. Noteworthy projects include a solar energy and hydrogen initiative in Uzbekistan and the modernization of the Qairokkum Hydropower Plant in Tajikistan. In Kazakhstan, EBRD is directing funds towards private entrepreneurship, backing ventures like Air Astana, municipal projects, and the new international terminal at Almaty airport. Özhan underscores renewable energy as a pivotal sector for Central Asia's growth, attracting international investors like Total Energies and ACWA, paving the way for a sustainable future.
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