• KGS/USD = 0.01172 0%
  • KZT/USD = 0.00211 0%
  • TJS/USD = 0.09388 0%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01172 0%
  • KZT/USD = 0.00211 0%
  • TJS/USD = 0.09388 0%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01172 0%
  • KZT/USD = 0.00211 0%
  • TJS/USD = 0.09388 0%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01172 0%
  • KZT/USD = 0.00211 0%
  • TJS/USD = 0.09388 0%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01172 0%
  • KZT/USD = 0.00211 0%
  • TJS/USD = 0.09388 0%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01172 0%
  • KZT/USD = 0.00211 0%
  • TJS/USD = 0.09388 0%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01172 0%
  • KZT/USD = 0.00211 0%
  • TJS/USD = 0.09388 0%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01172 0%
  • KZT/USD = 0.00211 0%
  • TJS/USD = 0.09388 0%
  • UZS/USD = 0.00008 0%

Viewing results 7 - 12 of 494

New Projects Launched in Uzbekistan’s Fergana Region

On July 11, Uzbekistan's President Shavkat Mirziyoyev attended a ceremony to launch several new projects in the country’s Fergana region. The first was the second phase of the construction of a mineral fertilizer plant by Singaporean company Indorama. The president then launched the construction of a solar power plant; a $350 million joint project with the German company Hyper Partners. Located in the Besharyk district of Fergana, the plant has  a capacity of 500 megawatts of which 200 megawatts will come online this year . When fully operational in 2025,  it will generate 1.6 billion kilowatt-hours of green energy per year, equivalent to the annual consumption of 675 thousand households. This increase in green energy will save 466 million cubic meters of natural gas. In addition, Mirziyoyev celebrated the start of construction on a $144 million electricity storage system by the Chinese Gezhouba Group. With a capacity of 150 megawatts and the means to automatically turn on when electricity demand increases to ensure stable operation of the power grid, the  facility should be operational before the end of this year Lastly, the president launched two small hydroelectric power plants; one with a capacity of 2.2 megawatts in the village of Shakhimardan, and the other,  with a capacity of 430 kilowatts, in the village of Yukori Vodil. During his speech, President Mirziyoyev noted that the volume of investments in the Fergana region is growing year on year. In 2018, only $90 million was invested in the region, while the figure for last year reached $1.3 billion. The number of enterprises financed with foreign capital currently totals 470. Around one hundred projects worth $370 million have been implemented in the Kokand free economic zone alone, creating 9 thousand new jobs. According to a presidential decree, this economic zone will expand by 210 hectares around the city of Kuvasay, house 185 new projects worth $1 billion, and create 12,000 jobs. In addition, a special Uzbek-Chinese industrial zone spanning  ​​230 hectares will be created in Kokand.

Eurasian Development Fund: Funding for Rogun HPP Jeopardizes Other Projects

According to a report by the Eurasian Fund for Stabilization and Development (EFSD), the financing of the Rogun HPP is one of the main risks for Tajikistan's budget and debt sustainability. The report states that the possible increase in the construction cost for the hydroelectric power plant may lead to reduction of financing to other important infrastructure projects and social spending. Analysts emphasize that “in the face of uncertainty regarding funding sources, starting in 2025, the government of Tajikistan may have additional needs for budgetary support from international financial organizations.” As mentioned in the report, the share of investments in electricity, gas, and water networks increased from 33.5% in the first quarter of 2023 to 42.4% in the first quarter of 2024, due to the increased activity in the construction of the Rogun HPP. The Times of Central Asia previously reported that about 70% of the electricity will be exported to other Central Asian countries after the Rogun hydroelectric power plant (HPP) in Tajikistan reaches full capacity. Construction of the Rogun HPP began in 1976, but it was suspended in 1991 after the collapse of the USSR. In 2016, Tajikistan continued constructing 600 MW hydroelectric power stations, as outlined in the project, using its own resources as well as support from international funds and organizations. Two of the six aggregates are working now, and the third will start working in 2025.

Uzbekistan Creates Law to Address Excessive Energy Consumption

The law “On saving energy, its rational use and increasing energy efficiency" was approved at the plenary session of the Senate of the Oliy Majlis held in Uzbekistan on July 10. The law defines the tasks and rules for ensuring energy security, saving energy, increasing efficiency, and promoting rational use of resources, such as electric and thermal energy, fuel, and non-traditional energy resources in economic and social sectors. The law also establishes the responsibility for excessive energy resource consumption in Uzbekistan. Energy-saving directions and improvements in energy efficiency apply to the fields of construction and transport, buildings and structures, heat supply and utility companies, agriculture, and water management. According to the senators, the adoption of this law will help further optimize the costs of energy resources and create a legal basis for systematic monitoring of energy consumption efficiency.

Electrification of Kyrgyzstan-Kazakhstan Railroad Will Cost $300 Million

The estimated cost for the electrification of the 321.5-kilometer section of the Lugovaya-Balykchy railroad is $300 million. Tazabek.kg reports this based on a report made by the Eurasian Economic Commission (EEC). The railroad links Kyrgyzstan with Kazakhstan; the section is single-track, and covers 60.3km in Kazakhstan and 261.2km in Kyrgyzstan. According to analysts, electrifying this section will increase the speed of traffic and increase the capacity of the line. Furthermore, it will allow for the railroad to access other electrified sections in Kazakhstan and Russia. The EEC report notes that a feasibility study is needed to implement the project.

Chinese Company to Invest in Uzbekistan’s Coal Mines

The Chinese company Henan intends to invest $400 million in developing coal deposits in Uzbekistan. There are also plans by the Turkish company Bab Energy ve Petrol Urunleri A.S. to establish facilities for the production of enriched kaolin. On July 9th, President of Uzbekistan Shavkat Mirziyoyev received a report on the work and progress of investment projects in the field of geology. According to the provided data, almost 3 million tons of coal have been extracted in the country over the last six months. There are plans for the production of more than 5 million tons of coal in the second half of the year. Overall, coal production is expected to increase by 1.4 million tons this year compared to last year, while imports are expected to decrease significantly. The coal industry is also implementing a number of investment projects. In particular, the Chinese company Henan plans to directly invest 400 million dollars towards the development of the Nishbash deposit. As a result of this project, up to 8 million tons of coal will be mined from underground and 5 million tons of coal per year will be enriched. In addition, there are plans to produce enriched kaolin from the "Apartak-3" deposit in the Tashkent region jointly with the Turkish company Bab Energy ve Petrol Urunleri A.S. As a result of this joint venture, 40 new jobs will be created, and 70 thousand tons of enriched kaolin will be produced per year.

Why Is Bishkek Getting Rid of Trolleybuses?

Bishkek City Hall intends to "clean" the city of trolleybuses. According to city officials, the environmentally friendly mode of transportation has become unprofitable; however, residents are against such a decision — citizens claim their opinion is not considered in the municipality. Almost all trolleybus routes will be removed from Bishkek's roads, and electric buses ordered from China will replace them. The entire electric infrastructure — wires for trolleybuses — has been dismantled. In an interview with the state agency Kabar, mayor Aibek Junushaliyev said that the unpopular decision would create more comfortable living conditions for citizens. "Trolleybuses can only ride on one route, and we cannot temporarily redirect them to other streets. That is, they can only travel on their lines, and during some road closures, it is impossible to change their route. Electric buses and other public transportation are more mobile, and their route can be changed to solve problems with traffic jams in the city. With trolleybuses, such a solution is impossible," Junushaliyev said. The mayor explained his decision to remove trolleybuses due to the unprofitability of electric transportation. Allegedly, trolleybus passenger traffic is decreasing year by year. In 2023, trolleybuses moved 8 million people; this year, they moved 3 million fewer. "Also, trolleybus maintenance is costly. We subsidize more than 200m KGS ($2.3m) for trolleybuses," Junushaliyev stated. The Bishkek mayor's office said it is launching the Open Skies project, which will remove all trolleybus lines in the city because they have reached the end of their useful life. Interestingly, in 2022, the Bishkek Trolleybus Department signed a contract with the Chinese company Ankai Automobile Co. to bring 120 battery-powered trolleybuses and the entire charging infrastructure to Kyrgyzstan. Bishkek residents are outraged by the city authorities' unilateral initiative. In the past few weeks alone, government agencies have received more than three hundred appeals from citizens to stop the destruction of an ecological mode of transportation. Activist Darya Nesterova told The Times of Central Asia that the city government deliberately underestimates the number of passengers traveling on trolleybuses. "City Hall is violating the law. We have regulations according to which such projects must be submitted for public discussion. The townspeople should comment that the mayor's office has behaved very willfully. They did not listen to the opinion of city deputies or the people; they immediately started cutting trolleybus wires, although they had no legal right to do so," Nesterova said. According to her, the destruction of one of the modes of public transportation is sabotage. "Bishkek City Hall in 2018 took a loan from the European Bank for Reconstruction and Development to upgrade the trolleybus network. This loan the city will repay for another five years. In addition, the bank's money was used to purchase 50 new trolleybuses capable of serving the city. Therefore, all the talk about the outdated electric fleet is illogical," Nesterova isaid. The public doesn't understand how the capital's authorities will explain themselves to the creditors—the EBRD gave a loan to reconstruct trolleybus lines in...