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The development objective of the Modernization and Upgrade of Transmission Substations Project for Uzbekistan is to improve the technical efficiency and reliability of the power transmission networks in Uzbekistan. The project comprises of two components. The first component, electricity transmission system upgrade will support rehabilitation, upgrade, and expansion of existing substations of 220 kV and higher voltage in Uzbekistan?s national grid. It consists of two sub-components: (i) rehabilitation and upgrade of transmission substations; and (ii) emergency outage management systems. The second component, institutional development and technical assistance will cover activities designed to support institutional development of the Uzbekenergo Joint Stock Company (UE), including but not limited to, corporate governance enhancement of the UE; International Financial Reporting Standards (IFRS) transition support and audits; key sector studies for further development of the energy sector; and capacity building and training. It consists of three sub-components: (i) UE international financial reporting standards (IFRS) transition support and corporate governance enhancement; (ii) key sector studies; and (iii) capacity development of sector entities.
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