China Energy to build solar plants with 1GW of capacity in two regions of Uzbekistan

By Muzaffar Ismailov in Tashkent June 15, 2023

A China Energy delegation has arrived in Uzbekistan to discuss the implementation of joint projects, according to the Uzbek Ministry for Investment and Trade. During talks, the Chinese company announced its readiness to build solar power plants with 1 GW of capacity in the Kashkadarya and Bukhara regions.

China Energy and the ministry want to see 400 MW of the capacity online by the end of the year, as well as the launch of a cement plant they are collaborating on. The commissioning of 600 MW of the 1GW of solar power is scheduled for 2024.

The agreement signed with China Energy in February also provided for the creation of a power plant near Samarkand. The total capacity of the power plants across the Samarkand, Kashkadarya and Bukhara regions is to be 2 GW.

On May 19, China’s President Xi Jinping presented his grand development plan for Central Asia. He said that China and Central Asia should increase their oil and gas trading, develop energy cooperation across industrial chains and boost cooperation in the energy transition and civilian use of nuclear energy.

Related Articles

Eurasian Development Bank redeems €286mn Eurobond

The Eurasian Development Bank (EDB) said on March 26 it had fully redeemed a five-year Eurobond, meeting all obligations to investors at maturity. The bank paid a total of €286mn, covering both ... more

Georgia’s TBC Bank weighs up separate IPO for TBC Uzbekistan digital bank

London-listed TBC Bank Group PLC (LON: TBCG) is weighing up conducting a separate initial public offering (IPO) for its TBC Uzbekistan digital bank business. Reuters on February 24 ... more

IndiGo cancels Central Asian flights until late February over Iran tensions

Indian budget carrier IndiGo has cancelled all flights to and from Tbilisi, Almaty, Baku and Tashkent until February 28 due to the developing situation around Iran, the airline announced on February ... more

Dismiss
liveChat() ?>