On January 28, President Shavkat Mirziyoyev chaired a meeting on measures to develop the electricity sector for 2025-2035. Over the past eight years, electricity production in Uzbekistan has increased by 38 percent, reaching 81.5 billion kilowatt-hours. Thanks to expanded opportunities for the private sector, new generation capacities totaling 11.2 gigawatts have been created. As a
The first trilateral meeting, attended by representatives from Afghanistan, Turkmenistan, and a Turkish company, was held in Kabul to initiate the practical implementation of the TAP-500 electricity project, TOLOnews reported. The TAP-500 project aims to transfer high-voltage electricity from Turkmenistan to Pakistan through the Afghan provinces of Herat, Farah, Helmand, and Kandahar. According to the
On January 27, Kyrgyzstan’s Minister of Energy Taalaibek Ibrayev, Uzbekistan’s Minister of Energy Jurabek Mirzamakhmudov, Kazakhstan’s Deputy Minister of Energy Sungat Yesimkhanov, and the World Bank Regional Director for Central Asia Tatiana Proskuryakova met in Tashkent to discuss further steps in the construction of the Kambarata-1 Hydropower Plant (HPP) in Kyrgyzstan. This major regional
President of Uzbekistan Shavkat Mirziyoyev addressed the Abu Dhabi Sustainability Week summit held in the capital of the United Arab Emirates on January 14. In his speech, Mirziyoyev noted that nowadays diversification of energy sources and drastic reduction of the share of hydrocarbons are the main conditions for mitigating the consequences of climate change, ensuring
The Asian Infrastructure Investment Bank (AIIB) said that on December 19, 2024 it approved a multiphase program with a total financing envelope of USD500 million, and Phase 1 Loan of USD270 million, to support Tajikistan in completing the Rogun Hydropower Plant Project (Rogun HPP). With a projected installed capacity of 3,780 megawatts, Rogun HPP will provide
The Eurasian Development Bank (EDB) and the Qazaq Green Renewable Energy Association (Qazaq Green) have signed a Memorandum of Cooperation to facilitate research and exchange information on renewable energy projects, among other initiatives. The document was signed by Azamat Tyuleubai, Senior Managing Director and Head of the EDB Project Unit, and Nurlan Kapenov, Chairman of
The Eurasian Development Bank (EDB), represented by Ruslan Dalenov, Vice Chairman of the Management Board, and Karaganda Energotsentr, a 100% subsidiary of Kazakhstan Utility Systems, represented by Flyur Garipov, General Director, have signed a 13-year, US $240 million long-term loan agreement to finance the modernization and expansion of Karaganda Combined Heat and Power Plant 3
The European Bank for Reconstruction and Development (EBRD) says it is increasing the reliability and sustainability of Uzbekistan’s electricity supply by helping to finance the construction of a new high-voltage transmission line connecting the country’s north-western and south-western regions. The EBRD is issuing a sovereign loan of up to US$ 66.4 million (€63.9 million) to the
The World Bank has approved $3.5 million in financing for Uzbekistan in the form of a payment guarantee to support the country’s development of renewable energy. This support will secure the obligations of the state-owned National Electric Grid of Uzbekistan JSC to purchase electricity from a new 100-megawatt (MW) solar power plant to be constructed
The World Bank has approved a $350 million International Development Association (IDA) grant as part of the first phase of a program to help Tajikistan finance the completion of the Rogun Hydropower Plant (HPP) Project. With a projected installed capacity of 3,780 Megawatts, the Rogun HPP will provide about 10 million people in Tajikistan with better
Russia’s state-owned atomic company Rosatom is selling its stakes in uranium deposits in Kazakhstan to Chinese-owned companies as the Central Asian nation looks to avoid any international sanctions against Russian-linked assets and a sign of China’s growing influence in the region, RFE/RL reported. Kazatomprom, the world’s largest producer of uranium, said Uranium One Group —
The Eurasian Development Bank (EDB), the Ministry of Economy and Commerce and the Ministry of Energy of the Kyrgyz Republic have signed a trilateral Memorandum of Cooperation on the Suusamyr-Kokomeren HPP Cascade Project. An essential factor in Kyrgyzstan’s economic development is increasing energy capacity by utilising the natural hydropower potential of its rivers. The construction
The European Bank for Reconstruction and Development (EBRD) says it is contributing to greater energy security in Kazakhstan and helping to improve the reliability of its power supply system by arranging €267 million in financing for the Kazakhstan Electricity Grid Operating Company (KEGOC). The financial package consists of a Bank loan of up to €252 million and a concessional
On November 29, at the Uzbek Ministry of Investment, Industry and Trade, the Investment Agreement for the construction of a 300 MW solar power plant and a 75 MW energy storage system in the Karmana district of the Navoi region of Uzbekistan was signed. The ceremony was attended by Laziz Kudratov, Minister of Investment, Industry
Kyrgyzstan and German companies have signed an investment agreement on a project to build and operate two floating solar power plants on the surface of the reservoir of Kyrgyzstan’s largest Toktogul hydroelectric power plant. The agreement was signed on November 26 between the Kyrgyz Cabinet of Ministers and Sonnenenergie, a.s., AB Progressio GmbH, and LTI
Tajikistan may join a green corridor between Kazakhstan, Uzbekistan, and Azerbaijan, Tajik Minister of Energy and Water Resources Daler Juma said during the COP29 summit in Baku. “This is a very interesting project, although our colleagues have not yet approached us with an official proposal. It is obvious that such initiatives are of great importance
The Asian Development Bank (ADB) and the Government of Kazakhstan have moved a step closer toward the possible early retirement of a coal plant in Kazakhstan under the bank’s Energy Transition Mechanism (ETM) program. Under a memorandum of understanding (MOU) signed at COP29 by ADB and Kazakhstan’s Ministry of Energy, the two sides will work toward a
The European Bank for Reconstruction and Development (EBRD) says it is helping Uzbekistan to further decrease its reliance on carbon-intensive thermal-power generation and will facilitate the country’s transition to a low-carbon economy by providing funds to construct a solar plant in the Khorezm region of the country. The EBRD’s financial package of up to US$ 54.6 million
The International Finance Corporation (IFC), a member of the World Bank Group, has announced a $240 million Islamic Equity Bridge Loan (EBL) financing for ACWA Power to support the development of Uzbekistan’s renewable energy sector. IFC’s financing will support the construction and operation of two projects, with a cumulative capacity of a 1-gigawatt solar PV
The Asian Development Bank (ADB) has approved additional grant financing of $15 million to help Tajikistan scale up an ongoing project to reconnect the country’s power system to the Central Asian Power System (CAPS) through interconnections with neighboring Uzbekistan. “Through the Central Asia Regional Economic Cooperation (CAREC) program, ADB actively promotes regional power trade among countries in
