• KGS/USD = 0.01149 0%
  • KZT/USD = 0.00190 0%
  • TJS/USD = 0.09166 0.11%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01149 0%
  • KZT/USD = 0.00190 0%
  • TJS/USD = 0.09166 0.11%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01149 0%
  • KZT/USD = 0.00190 0%
  • TJS/USD = 0.09166 0.11%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01149 0%
  • KZT/USD = 0.00190 0%
  • TJS/USD = 0.09166 0.11%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01149 0%
  • KZT/USD = 0.00190 0%
  • TJS/USD = 0.09166 0.11%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01149 0%
  • KZT/USD = 0.00190 0%
  • TJS/USD = 0.09166 0.11%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01149 0%
  • KZT/USD = 0.00190 0%
  • TJS/USD = 0.09166 0.11%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01149 0%
  • KZT/USD = 0.00190 0%
  • TJS/USD = 0.09166 0.11%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
10 January 2025

Viewing results 67 - 72 of 142

Uzbekistan Set to Increase Coal Production

On 13 May, Uzbekistan President Shavkat Mirziyoyev reported on government plans to increase the country’s coal production. The country’s coal reserves currently amount to almost 2 billion tons, and production continues to grow. In 2023, Uzbekistan produced 6.550 million tons of coal compared to less than 4 million tons in 2016. The target this year, is to increase coal production to 8 million tons, and by 2025, up to 10 million tons. As a result of an earlier drive by the government to attract investment in the industry from the private sector,  369 thousand tons of coal were produced in 2023 and this year, is expected to rise to 900 thousand tons. Geological exploration is currently underway at new coal deposits in the regions of Surkhandarya, Kashkadarya and Tashkent, and according to the report, coal production in these areas should begin next year.  

New Measures to Boost Agriculture in Uzbekistan

On May 10, Uzbekistan President Shavkat Mirziyoyev was presented with proposed adaptations in agricultural practice and the more efficient use of land in the light of climate change. In Uzbekistan, 3 million hectares of pastural and agricultural land have been now degraded, and approximately 2 million hectares, salinized. According to experts, by 2030, water resources in the region are at risk of diminishing by almost 6 percent as a direct result of climate change. In response, Uzbekistan has developed a national program, for which over $294 million is anticipated in grant funding, to adapt agriculture to climate change and mitigate its impact. The initiative aims to improve the condition of 1 million hectares of agro-ecological landscape and degraded pastures in the Aral Sea region. Protective forest belts will be created in Karakalpakstan, as well as in Khorezm, Bukhara, and Kashkadarya regions and drought-resistant plants such as licorice, rose hips, and sesame, cultivated in areas where water is scarce. A center will be established to analyze and forecast climate change, and agrometeorological stations installed in five regions of the country. In cooperation with Italy, a further center with a nursery will be built for intensive seed cultivation alongside a farm for plants resistant to drought and salinity. Since the need to preserve water is particularly acute in areas surrounding the lower reaches of the river Amu Darya, subsidies are to be allocated for laser-leveling land in Karakalpakstan. Grain and rice producers will be reimbursed up to 100 percent of the fuel costs required to level land using a laser level, in a move to increase yields and reduce water consumption by 15-20 percent. The program also encourages farmers to build more greenhouses. In recent years, the spread of greenhouses has increased 2.6-fold, and the volume of produce grown in such, has more than tripled. The greenhouse sector currently provides 80,000 thousand permanent jobs and a further 70,000 seasonal posts. To increase the efficiency of greenhouse farms, the program proposes to reimburse greenhouse owners 50 percent of the costs of hiring qualified foreign agronomists, as well as up to 20 percent of the costs of coal heaters.

EU to Allocate €600,000 to Uzbekistan for Green Budgeting

An agreement on financing a new project in support of green development in Uzbekistan was signed on May 6 by representatives of the French Development Agency (AFD), the European Union, and the United Nations Development Program (UNDP). According to the UNDP's press service, the project aims to assist the Uzbek government in financing green development across the country through the effective use of public finance, integrating green priorities into the budgeting process (green budgeting), and introducing innovative financial instruments to attract investments in green projects. The Ministry of Economy and Finance is expected to act as the cabinet-level partner in this project. Under the agreement, grant funds in the amount of €600,000 provided by the EU will be directed by AFD and the UNDP to provide technical assistance to the government under the project "Supporting Green Development Financing in Uzbekistan" for the period 2024-2026. The new project will build on the results and achievements of the previous joint initiative by AFD and the UNDP to introduce budgeting methodologies and practices based on the Sustainable Development Goals (SDGs), which were successfully implemented in 2022-2023. At that time, the Ministry of Economy and Finance was supported in designing and developing methodologies based on international best practices, conducting research and capacity building of national partners in the field of SDGs and green budgeting. Key results of that project included climate budget labeling -- implemented for the first time in Uzbekistan -- and the presentation of its results in the "Budget for Citizens" publication.

Favorable Water Volumes Forecast for Uzbekistan’s Amu Darya and Syr Darya Rivers

 According to the news agency UzA, Uzbekistan's Minister of Water Management Shavkat Hamroyev told a parliamentary hearing that watersheds from the Amu Darya and Syr Darya rivers are forecast as favorable this year. The announcement was made in response to Muqaddas Tirkasheva, a member of the lower house of parliament, who inquired, "water limits are agreed with Central Asian countries every year. Today, when we meet with voters, they often refer to the water shortage. There are concerns about whether the construction of the Qosh Tepa canal will affect the water of Amu Darya. How does this year's forecast volume of water in the Amu Darya, Syr Darya, Zarafshan rivers  compare to previous years? What measures are being taken to ensure guaranteed water supply to economic sectors?” Minister Hamroyev continued, "there are agreements among five countries regarding water allocations. Our recent meeting in Shymkent addressed reservoir water levels. Due to this year's precipitation, it's anticipated that water levels in the Amu Darya and Syr Darya rivers will match last year's levels. Projections suggest 85–90% water in the Syr Darya and 90–95% in the Amu Darya compared to historical averages. Our reservoirs currently hold 1.5 billion cubic meters more water than last year."

Tashkent Investment Forum Focus on Kyrgyzstan’s Kambarata HPP-1

The construction of the Kambarata hydroelectric power plant (HPP)-1 on Kyrgyzstan’s Naryn River was at the forefront at the Third Tashkent International Investment Forum attended by Uzbekistan’s Prime Minister Abdulla Aripov and representatives of international organizations and financial institutions. At the panel session on energy, on 2 May, Chairman of the Cabinet of Ministers of the Kyrgyz Republic Akylbek Japarov, outlined the master plan behind Kambarata HPP-1, investment indicators,  and its potential benefits to water resources management and Central Asia’s electricity market. Japarov explained that generated by hydropower, almost all electricity in Kyrgyzstan is green, but stated, “We have so far used only about 13% of our existing potential. Taking into account global challenges and trends in the development of green energy, the Cabinet of Ministers of the Kyrgyz Republic has actively begun to implement infrastructure energy projects. The large-scale construction of Kambarata HPP-1, strategically important for the entire region, will up the pace of development in this field.” Kyrgyzstan, Kazakhstan, and Uzbekistan recently signed a Roadmap for joint construction of Kambarata HPP-1. If completed, Kambarata HPP-1 will have a capacity of 1860 MW and will generate 5.6 billion kWh of electricity per year. A forum for further discussions on foreign investment in the project is scheduled for early June in Vienna . Turning to plans for hydroelectric power plants elsewhere in the country, Kyrgyzstan’s Prime Minister, stated, “Work is underway to implement projects for the construction of a cascade of hydroelectric power plants on the Chatkal River, as well as a cascade of Kazarman hydroelectric power plants on the Naryn River. Our country needs foreign investment to develop energy, which is the main sector of the economy. We invite foreign companies to consider the possibility of participating in the construction of small and medium-sized hydroelectric power stations and renewable energy sources in Kyrgyzstan.”    

EU and FAO Aid Uzbekistan’s Management of Hazardous Chemicals

On 1 May, the Food and Agriculture Organization of the United Nations (FAO) and the Ministry of Ecology, Environmental Protection and Climate Change of Uzbekistan held an inception workshop in Tashkent on technical assistance for the sound management of hazardous chemicals. The joint venture, implemented with financial support from the European Union, is designed to enhance the effectiveness of mechanisms and tools for the management of hazardous chemicals and related waste. A key goal cited by the EU Delegation to Uzbekistan, is to reduce the use of dangerous pesticides in agriculture, through the introduction and promotion of alternative methodologies amongst farmers. Aziz Abdukhakimov, Minister of Ecology, Environmental Protection and Climate Change, stressed that by actively striving to reduce the use of highly hazardous pesticides, Uzbekistan aims to lower their adverse impact on the nation’s health and environment, in addition to making a significant contribution to  UN Sustainable Development Goals. Regarding plans to address the issue, he  announced, “We need to revise our inventory of contaminated areas of former agricultural airfields and other sites, the last of which, was carried out in the ‘90s when more than 450 former agricultural airfields were identified.” Praising the move, Wim Riepma, Head of Cooperation Section, EU Delegation to Uzbekistan, stated: "Our partnership with the Government of Uzbekistan and FAO exemplifies a collective commitment to protecting the environment and public health, by cleaning up legacy waste, by improving waste management, and by reducing pesticide waste production. Integrated pest management and awareness of health and environmental risks are key to a healthier, environment- friendly and economically viable agriculture sector.” Sherzod Umarov, Assistant FAO Representative in Uzbekistan, likewise emphasized, "The project implementation will enable an improved institutional capacity for sound pesticide management and better data on hazardous wastes in agriculture allowing development of a national waste management strategy. The project also aims to scale up green practices in the agricultural sector leading to reduced risks to farmers and consumers from the use of pesticides and to food production relying on less toxic pesticides and biological protection tools.”