NEWS

World: Tender announced for 100 MW solar PV plant in Uzbekistan

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 ...
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Canadian company to make biggest ever investment in Uzbekistan’s energy sector

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 ...
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American company to invest $ 1.2 billion in renewable energy in Uzbekistan

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 ...
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Uzbekistan’s dream to use solar energy may come true soon

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 ...
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Uzbekistan’s steeplechase towards renewable energy

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 ...
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Uzbekistan reveals priority sectors for foreign investments in 2019

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 ...
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ADB approves grant for regional power trade development in Central Asia

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 ...
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EBRD invests in modern power generation in Uzbekistan

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 ...
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