Uzbekistan and General Electric sign $69mn agreement
Uzbekistan’s Thermal Power Plants company and American global conglomerate General Electric have signed a $60mn contract for the renewal and maintenance of power plants in the Central Asian country.
The agreement was inked at a business forum held in Washington DC.
The cooperation, according to Ilkhom Rajabov, CEO of the Uzbek company, would allow Uzbekistan to introduce advanced efficient technologies into its energy sector.
The parties to the deal also agreed to organise professional development paths for young employees of Thermal Power Plants. They will be engaged in repair and commissioning works with the assistance of American specialists.
bne IntelliNews lately reported on a deal reached between Uzbekistan’s Classica Shoes and American company YNK for the production and export of school shoes to the US.
On September 19, US President Joe Biden met the five presidents of Central Asia in New York for the inaugural “C5+1” gathering, seen by diplomats as a highly important occasion given the renewed rivalry among the West, Russia and China for influence in Central Asia.
Uzbekistan has pledged to provide the European Union with statistical data to help assess the extent of the circumvention of sanctions, the EU's special envoy for sanctions, David O'Sullivan, told ... more
About a dozen new countries are expected to start producing electricity from nuclear power sources within the next few years, according to the director general of the International Atomic Energy ... more
Uzbekistan attracted $7.5bn in foreign direct investment (FDI) in 9M23, marking a 16% y/y gain, according to the Institute of Macroeconomic and Regional Studies (IMRS). The investment volume in ... more
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