Speaking today at the CIET 2024 international conference, Artur Andrysiak, Country Director of the Asian Development Bank (ADB) in Turkmenistan, said the bank stands ready to provide a wide range of financial and technical assistance to develop renewable energy in the country.

“ADB has significant experience in implementing both sovereign and non-sovereign renewable energy projects across Asia,” Andrysiak said. “We are ready to use this experience to support Turkmenistan in achieving its ambitious goals to decarbonize the economy.”

In particular, ADB is ready to provide a technical assistance grant of $1 million to implement solar energy and storage systems in the city of Aradagh and other regions of Turkmenistan. In addition, the bank has financed study tours for officials from relevant government agencies to familiarize them with best practices in implementing solar projects in Uzbekistan, Denmark, Norway, and other countries.

«We are also allocating $750,000 to assess wind potential, analyze wind farm sites, and support energy efficiency initiatives,» the ADB representative added.

Andrysiak emphasized that the key area of cooperation will be the development of a low-carbon transition roadmap in Turkmenistan's energy sector, as well as support for the creation of a long-term strategy for achieving carbon neutrality.

«We are ready to consider various financial instruments, including sovereign and non-sovereign financing, for the implementation of specific investment projects in the field of renewable energy and energy efficiency,» Andrysiak said. «The size of loans can vary from $20 million to $500 million, depending on the country's needs.»

The ADB representative also recalled the bank's previously successfully implemented projects in Turkmenistan, including the modernization of transport infrastructure, the development of vocational education, and support for small and medium businesses.