Uzbekistan’s President Shavkat Mirziyoyev on November 27 attended the launch ceremony for a 1.5-GW thermal power plant in Syrdarya region and the production of green hydrogen in Tashkent region. Both projects are being implemented jointly with Saudi company ACWA Power.
The combined-cycle power plant in Syrdarya region worth $1.1bn is to provide electricity to over 3mn households and hundreds of industrial enterprises.
The Tashkent region project will see the production of 3,000 tonnes of green hydrogen for the making of ammonia-based mineral fertilisers.
The launching of the two projects is to contribute to the creation of 25 GW of renewable energy capacity by 2030. As a result, 4.5bn cubic metres of gas would be saved, and the volume of harmful emissions into the atmosphere would be reduced to 3mn tonnes, according to officials.
On the same day as the launch ceremony, Mirziyoyev met with Saudi Arabia's Minister of Investment Khalid al-Falih. The parties signed agreements worth $12bn and agreed to create a joint fund.
Related Articles
Uzbekistan sticks with 14% policy rate
The Central Bank of Uzbekistan (CBU) on October 24 kept its key policy rate at 14% per annum, citing easing inflation but ongoing risks. The ... more
Report says explosion hit pipeline that delivers Turkmen gas to Russia, but Turkmenistan no longer sells gas to Moscow
Ukrainian outlet Kyiv Post on August 2 reported sources within Ukraine's Main Military Intelligence Directorate (GUR) as stating that an explosion in Russia disabled a section of ... more
New agreement provides for more than 1,000 weekly flights between Uzbekistan and Russia
Uzbekistan and Russia have struck an agreement under which the number of weekly direct flights between the two countries can be more than tripled to more than 1,000 per week, according to ... more