• KGS/USD = 0.01149 0%
  • KZT/USD = 0.00191 0%
  • TJS/USD = 0.09153 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01149 0%
  • KZT/USD = 0.00191 0%
  • TJS/USD = 0.09153 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01149 0%
  • KZT/USD = 0.00191 0%
  • TJS/USD = 0.09153 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01149 0%
  • KZT/USD = 0.00191 0%
  • TJS/USD = 0.09153 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01149 0%
  • KZT/USD = 0.00191 0%
  • TJS/USD = 0.09153 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01149 0%
  • KZT/USD = 0.00191 0%
  • TJS/USD = 0.09153 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01149 0%
  • KZT/USD = 0.00191 0%
  • TJS/USD = 0.09153 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01149 0%
  • KZT/USD = 0.00191 0%
  • TJS/USD = 0.09153 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
27 December 2024

Viewing results 229 - 234 of 293

Green Energy as a New Driver of Uzbekistan’s Economy

At a government meeting chaired by President Shavkat Mirziyoyev on February 28th, it was announced that in 2024, Uzbekistan will produce 13 billion kilowatt-hours of green energy via hydro, wind, and solar power plants, to generate 15% of the country’s electricity. For decades, natural gas, oil products, and coal have fuelled Uzbekistan’s electricity but in recent years, the country’s natural gas has severely depleted. In 2023, Uzbekistan registered a reduction in the production by more than 4.5 billion cubic meters, necessitating the need to import natural gas from Russia through Kazakhstan. Official statistics also recorded a decrease in the country’s oil production. At yesterday’s meeting, it was stated that the country’s potential for solar and wind energy is 10-12 times higher than the current demand for electricity. In response, the government has launched major programs to create green energy with attractive packages for investors. To date, the renewable energy sector has attracted $2.1 billion in direct foreign investment enabling the implementation of projects worth $13 billion. Solar and wind power plants are currently under construction across the country, with nine solar and wind power plants with a total capacity of 1.6 gigawatts already launched in Bukhara, Jizzakh, Kashkadarya, Navoi, Samarkand, and Surkhandarya. Rooftop solar panels with a total capacity of 457 megawatts have also been installed in commercial, public, and residential buildings. When combined, these new measures produce an additional 5 billion kilowatt-hours of green electricity to the national grid and save 1.5 billion cubic meters of natural gas. President Mirziyoyev confirmed that the government has commissioned the following to be completed over the next three years: 28 solar and wind power plants with a total capacity of 8 gigawatts, 944 kilometers of high-voltage power lines, six large substations and 18 energy storage facilities with a total capacity of 2.2 gigawatts. He also emphasized that apart from the obvious benefits to the environment, the sector’s demand from local enterprises for solar panels, transformers and other related products has resulted in green energy becoming a new driver of the national economy.

EBRD Helps Increase Reliability of Tajikistan’s Electrical Grid

An announcement was made on February 28th that the European Bank for Reconstruction and Development (EBRD) is to increase the reliability and sustainability of electricity supply in Tajikistan. The national transmission network operator Shabaqahoi Intiqoli Barq (SIB) will be awarded some €31 million, comprising two EBRD sovereign loans and an investment grant of up to €8 million to help restore the existing transformer and construct a new one at the Sugd-500 substation in the north of the country. The northern Tajikistan power system depends on the 500 kV Sugd-Dushanbe high-voltage line connected to the Sugd-500 substation. Once upgraded and expanded, the substation will allow for a more sustainable electrical grid able to meet domestic and export demands. It will also help SIB integrate up to 700 MW of renewables in line with Tajikistan’s 2030 National Development Strategy to diversify its energy production. In 2023, Tajikistan’s energy capacity exceeded 6,000 megawatts, and electricity production amounted to 22 billion kilowatt-hours; 4.8 billion kilowatt-hours or 28% more than in 2017. Addressing the issue last December, Tajik President Emomali Rahmon announced that the government was making sound progress in its strategy to establish a ‘green economy’. To achieve this goal, he explained that over the next seven years, Tajikistan aims to increase electricity exports to 10 billion kilowatt-hours, and by 2030, the construction of power plants employing renewable energy sources will increase the production of green energy to 1,000 megawatts. Looking ahead, the country aims to source all its electricity from renewable sources, primarily hydropower, by 2023.

World Bank to Help Increase Kyrgyzstan’s Resilience to Climate Change

A $45 million financing package for the Kyrgyz Republic Resilient Landscape Restoration Project, to be implemented until 2029, was approved by the World Bank’s Board of Executive Directors on February 27th. Complemented by a $5 million grant from the Global Partnership for Sustainable and Resilient Landscapes (PROGREEN) and a $2.4 million grant from the Korea–World Bank Partnership Facility (KWPF), the project aims to increase sustainable landscape management in selected locations in Kyrgyzstan and promote regional collaboration among Central Asian countries on transboundary landscape restoration. “We are pleased to assist the Kyrgyz Republic's Cabinet of Ministers in increasing the resilience of landscapes and communities to climate-induced hazards, and by enhancing the government’s capacity to monitor glaciers, snow cover, and mudflows, implement measures to adapt to and mitigate climate change,” announced Naveed Hassan Naqvi, World Bank Country Manager for the Kyrgyz Republic. “This project is an important step towards building a more resilient future for the people of the Kyrgyz Republic and will also have a positive impact on neighbouring countries.” The World Bank has affirmed that once in place, the project will directly benefit over 50,000 individuals in the most vulnerable, targeted rural areas of Jalal-Abad, Osh, Issyk-Kul, and Naryn, and communities located upstream of transboundary rivers. According to a 2018-19 study by the Central Asian Institute of Applied Geosciences, Kyrgyzstan’s glaciers have decreased by 16% over the past 50 years. The Ministry of Natural Resources earlier warned that many of the country’s 6,500 glaciers — which cover over 8,000 square kilometres and contain an estimated 650 cubic kilometres of freshwater — could shrink by 50% by 2050 and even completely disappear by the end of the century.

Environmental Violations at Kashagan Oil Field Cost NCOC a Billion Dollars

The North Caspian Operating Company (NCOC) has been issued a billion-dollar fine, after it was found to have violated environmental laws at its Kashagan field. Last spring the Department of Ecology for the Atyrau region, where the field is located, conducted an investigation at Kashagan that uncovered a number of violations of environmental legislation. These include the storage of 1.75m tons of sulfur at the field, twice as much as the permitted 730,000 tons. NCOC was also found to have failed to implement environmental protection measures, discharged waste water without the necessary permit, and other infringements. The operator denied all charges, and filed an appeal at a court in Astana to challenge the results of the inspection. After lengthy proceedings the court found that the results of the inspection by the Department of Ecology were legitimate. The judicial panel concluded that restrictions on the volume of sulfur storage annually cannot be considered cumulatively. NCOC can now either appeal this decision in an international arbitration court, or admit its guilt and pay the state the billion-dollar fine.

Development Plan for Astana Agglomeration Approved

The plan for the agglomeration of Astana through to 2028 was approved by the government of Kazakhstan on February 27th. The country’s capital since 1997, Astana has since grown and developed into one of the most modern cities in Central Asia. In addition to the city, the agglomeration will include more than 40 nearby towns and villages. Over the past 10 years, the population of Astana has increased by 46%. Records show that in January 2024, it exceeded 1.43 million and by 2035, is expected to grow to 2.3 million people. The key aims of the Astana agglomeration are the improvement of urban development, the modernization of social, engineering and transport infrastructures, environmental sustainability and safety, and safeguarding against emergencies. A unified urban planning policy will enable the synchronization of plans for the development of the capital and adjacent Akmola region, including the creation of eco-towns on an area of over 940 hectares. The new transport and logistics infrastructure will comprise six logistics complexes, a service centre for the maintenance of electric locomotives, and subsidies for suburban routes. Over 400 km of existing roads will be repaired, and 300 km of new roads and four bridges built in agglomerated towns and villages. To attract investment and supply food, 25 facilities to produce food and 12 for industrial goods will be built in an industrial zone covering 300 hectares. At the meeting, Kazakhstan’s Prime Minister Olzhas Bektenov highlighted the fact that the main problem to be addressed by the agglomeration is the sharp population increase in the suburbs and the daily migration to the capital and back, which significantly impacts the entire infrastructure of Astana, its ecology and safety. In recognition of ongoing problems faced by many suburban villages, such as water supply, waste disposal, a stable electricity supply, and the condition of roads, the prime minister stated: "I believe that the implementation of the plan should solve these pressing issues. Moreover, we need to create permanent jobs in the suburbs. Astana as the core of the agglomeration creates prerequisites for sustainable development of the adjacent territories. This will help smooth out the existing imbalance between the living standards in the capital and neighboring settlements."  

Kazakhstan to Increase Use of Groundwater for Irrigation

On 27th February, Kazakhstan’s Ministry of Water Resources and Irrigation announced plans to increase the volume of groundwater used for agricultural irrigation by tapping into local reserves. The country and especially its dry southern and eastern regions, has long been dependent on water from its upstream neighbors, Kyrgyzstan and China. Kazakhstan’s groundwater reserves exceed 43,000 tons per day, 19,000 tons of which could effectively be used in irrigation. Agriculture currently uses more than 40 thousand tons, equivalent to 60%, of water collected per day. Of this, groundwater makes up just 1.2%. Under the first stage, this is due to increase to 10-15%, initially from reserves in Almaty, Pavlodar, East Kazakhstan, and Zhambyl. In 2023, of the 1.8 million hectares of irrigated land in Kazakhstan, water-saving technologies were employed on as little as 17% (312,000 hectares), with drip irrigation used on only 84,000 hectares. As an added incentive to implement the expansion of areas of irrigated land through a greater use of groundwater and water-saving technologies, the state will introduce subsidies and reduced tariffs for users.