NEWS

UAE’s Mubadala Utilities could buy stake in Uzbekistan’s Talimarjan thermal power plant, the Ministry of Investment and Foreign Trade said. Talks were held in Tashkent with the delegation of Mubadala Utilities and representatives of the Asian Development Bank (ADB) on the privatization of the Talimarjan TPP as part of the agreement reached in March during the visit of President Shavkat Mirziyoyev to the UAE. The signing of an investment agreement ...

On June 25, 2019, the National Agency for project management under the President of the Republic of Uzbekistan and the Finnish company «KaukoInternational» signed a Memorandum of Understanding on the development of the energy sector by attracting investment and introducing sustainable, reliable and affordable energy production technologies. The document assumes the use of a solution that based on geothermal energy, as well as a joint search for ways to use ...

Tashkent, Uzbekistan (UzDaily.com) -- Uzbekistan intends to accelerate the implementation of an investment project for the construction of wind power stations with the participation of Abu Dhabi Future Energy Company PJSC - Masdar. The draft resolution of the President of Uzbekistan “On the accelerated implementation of an investment project for the construction of wind power stations with Abu Dhabi Future Energy Company PJSC - Masdar” has been published for discussion ...

This project is planned to be implemented in two stages. In the first, the issue of construction of a CCGT unit with a capacity of 1.3 GW will be studied. The total capacity of the TPP is 2.6 GW. The Agency for the development of public-private partnership under the Ministry of Finance held a meeting with representatives of the International Finance Corporation (IFC), which discussed the modernization of the Syrdarya ...

Tashkent, Uzbekistan. June 20, 2019—Uzbekistan has become the fifth country to join Scaling Solar, expanding the World Bank Group program beyond the African continent for the first time. Uzbekistan is looking to develop up to 1 gigawatt of solar power and has decided to use the Scaling Solar approach to tender an initial 100 megawatts. The Government of Uzbekistan signed a solar power mandate with IFC, a member of the ...

Rosatom, the Russian state nuclear corporation, and UzAtom, Uzbekistan's nuclear development agency, have signed a contract to perform engineering surveys for the Central Asian country's first nuclear power plant. The agreement was signed today during the Power Uzbekistan 2019 exhibition in Tashkent by Dmitry Ashanin, deputy director for prospective projects at Rosatom subsidiary Atomstroyexport, and Otabek Amanov, nuclear power plant construction director at UzAtom. "This document is one of the ...

A site has been chosen for construction of Uzbekistan’s first nuclear power plant, Russia’s Foreign Minister said on May 2 during a visit to the Central Asian nation. The plant may become the first of its kind in Central Asia. “[Uzbek President Shavkat] Mirziyoyev today expressed satisfaction with how this project was coming along and said that we have managed to come to an agreement about a site. This was ...

Tashkent, Uzbekistan (UzDaily.com) -- VEB.RF and Rosatom State Atomic Energy Corporation signed a cooperation agreement. The parties agreed to cooperate in the framework of the project for the construction of a nuclear power plant in Uzbekistan. The ceremony was held during the XI International Forum ATOMEXPO-2019 "Nuclear technologies for a better life." On the part of VEB.RF, the document was signed by the vice-president Alexei Ternavsky, on the part of Rosatom ...

Tashkent, Uzbekistan (UzDaily.com) -- Uzbekistan plans to build about 25 solar power plants by 2030. This was stated by Deputy Minister of Energy of Uzbekistan Sherzod Hadjaev. In an interview with the program "Tahlilnom" Hadjaev noted that the country intends to build about 25 solar stations in the next 10 years. According to him, the first solar power plant with a capacity of 100 MW will be commissioned in Navoi region ...

Tashkent, Uzbekistan (UzDaily.com) -- A meeting with members of a delegation of the French company Assystem was held at the Uzatom Agency on 20 March 2019. The creation of such a direction as nuclear energy entails the accelerated development of not only energy, but also other areas, including science, training, the growth of the country’s capabilities in agriculture, medicine, and construction. As international experience shows, the development of this industry for ...

Tashkent, Uzbekistan (UzDaily.com) -- President of Uzbekistan Shavkat Mirziyoyev approved the reorganization of Uzbekenergo on 27 March. The head of Uzbekistan signed a resolution “On strategy for further development and reform of the electricity sector of the Republic of Uzbekistan”. The document says that the World Bank has developed a proposal to improve the management system of the republic’s electricity industry, including those aimed at optimizing production processes. According to the ...

A tender for the design, financing, construction and operation of the solar photovoltaic plant with a capacity of 100 MW in Navoi region of Uzbekistan was announced with the assistance of the International Finance Corporation to attract private investors. The Project site is located approximately 30 km west of Navoi city. While the boundaries of the site are still being finalised, the site area is expected to be in the ...

By Kamila Aliyeva SkyPower announced an estimated $1.3 billion foreign direct investment in Uzbekistan to build 1,000 MW of solar energy generation capacity throughout the country, the company reported. This will be the largest foreign direct investment in the history of the Central Asian nation. The sides also signed the first Power Purchase Agreement (PPA), according to which the government will be purchasing power from an international private company. The company will be closely cooperating with ...

By Kamila Aliyeva American company Headwall LLC intends to invest $ 1.2 billion in renewable energy in the Surkhandarya region of Uzbekistan, the press service of the regional administration office reported. Representatives of the regional administration of Surkhandarya region and Headwall LLC held a meeting and discussed cooperation issues. During the meeting, the American side expressed interest in the implementation of the project for the construction of facilities for the ...

By Kamila Aliyeva Uzbekistan, which has long been striving to use its solar energy potential, may finally reach its dream and construct a solar power plant. Currently, Indian company Shapoorji Pallonji is studying the issue of building a solar power plant in Uzbekistan. The company is interested in the implementation of investment projects for the construction of solar power plants in Uzbekistan with a capacity of 50 to 100 MW ...

The Uzbekistan government this week announced it has entered a partnership agreement with the French Development Agency to drive infrastructure projects worth an estimated €1 billion ($1.15 billion). “Projects for implementation were scheduled with such French companies as Airbus, Total, Vinci, Orano Mining, Total Eren, Veolia, Fives Stein, Bouygues, Rungis and many others,” said the Uzbek government in a statement. Although individual project details were not disclosed, local press have ...

Uzbekistan is planning to get $4.1 billion in foreign direct investment in 2019, which is almost 71 percent more compared to 2018 ($2.4 billion), Deputy Chairman of the State Investment Committee of Uzbekistan Shukhrat Vafayev told Trend. He said that many changes have been made in Uzbekistan in 2018 to further improve the investment climate, in particular, a number of tax and financial reforms were implemented. "As a result, foreign ...

By Abdul Kerimkhanov The Asian Development Bank (ADB) has approved a $4.5 million cluster regional technical assistance grant to support an increase in regional power trade in Central Asia Power System (CAPS) and explore potential reconnection of Turkmenistan to CAPS and its further expansion to Afghanistan, ADB reported. “With increased regional power trade, countries will be able to meet local demand for power and supply surpluses to their neighbors,” said ...

By Abdul Kerimkhanov The European Bank for Reconstruction and Development (EBRD) will provide Uzbekistan with a loan of $ 240 million under a state guarantee, the EBRD reported. This is the largest bank loan at the moment. The funding will allow the state-owned vertically integrated power utility responsible for the majority of the country’s electricity generation, transmission and distribution to finance the installation of at least 900 MW combined cycle gas ...