• KGS/USD = 0.01151 0.87%
  • KZT/USD = 0.00217 0%
  • TJS/USD = 0.09413 -0.42%
  • UZS/USD = 0.00061 0%
  • KGS/USD = 0.01151 0.87%
  • KZT/USD = 0.00217 0%
  • TJS/USD = 0.09413 -0.42%
  • UZS/USD = 0.00061 0%
  • KGS/USD = 0.01151 0.87%
  • KZT/USD = 0.00217 0%
  • TJS/USD = 0.09413 -0.42%
  • UZS/USD = 0.00061 0%
  • KGS/USD = 0.01151 0.87%
  • KZT/USD = 0.00217 0%
  • TJS/USD = 0.09413 -0.42%
  • UZS/USD = 0.00061 0%
  • KGS/USD = 0.01151 0.87%
  • KZT/USD = 0.00217 0%
  • TJS/USD = 0.09413 -0.42%
  • UZS/USD = 0.00061 0%
  • KGS/USD = 0.01151 0.87%
  • KZT/USD = 0.00217 0%
  • TJS/USD = 0.09413 -0.42%
  • UZS/USD = 0.00061 0%
  • KGS/USD = 0.01151 0.87%
  • KZT/USD = 0.00217 0%
  • TJS/USD = 0.09413 -0.42%
  • UZS/USD = 0.00061 0%
  • KGS/USD = 0.01151 0.87%
  • KZT/USD = 0.00217 0%
  • TJS/USD = 0.09413 -0.42%
  • UZS/USD = 0.00061 0%

Viewing results 79 - 84 of 87

Uzbekistan Plans to Attract Investment, Green Energy Development

On January 2nd, President Shavkat Mirziyoyev held a government meeting on attracting investments and developing green energy in 2024, at which it was stated that last year Uzbekistan attracted more than $22 billion in foreign investment, a 1.8-fold increase on the previous year. Mirziyoyev emphasized the importance of increasing the volume of foreign investment this year, with upmost attention to be paid to electrical and mechanical engineering, construction materials, pharmaceuticals, and the textile and leather industries. The meeting also discussed the development of green energy, with officials reporting that work is ongoing on 28 projects based on public-private partnerships for the construction of solar, wind, and hybrid power plants with a total capacity of 6.3 gigawatts. Of these, the first, with generating capacities of 2.6 gigawatts, were launched in 2023. Currently, work is underway on the construction of green power plants and energy storage systems together with companies from Saudi Arabia, the UAE, China, France, and Switzerland. In 2024, Uzbekistan plans to increase the total capacity of solar power plants to 2.6 gigawatts, wind farms to 900 megawatts, and launch energy storage devices with a capacity of 400 megawatts. At the meeting, instructions were relayed to study the possibility of introducing, based on international experience, agrovoltaics - the practice of agricultural producers installing solar panels on their fields to produce energy for their own needs or for sale, and for specific proposals to be drawn up for this area.

Uzbekistan to Cover Growing Demand with Green Energy Sources

Uzbekistan has set a goal of doubling its industrial production by 2030 and plans to implement more than 500 major industrial and infrastructure projects worth $150 billion. To accomplish these ambitious goals, the country needs to have guaranteed and stable energy resources, President Shavkat Mirziyoyev said on December 27th, at the launch ceremony of major projects in the field of green energy. “We estimate that in the next six years, our country's electricity demand will increase from the current 83 billion to 120 billion kilowatt hours. We will cover this primarily through renewable energy sources,” Mirziyoyev said. Uzbekistan will continue its active investment policy to increase the capacity of green energy sources to 27 gigawatts by 2030, he said, adding that the country possesses enormous potential for green energy. “In order to encourage the industry, we have launched the ‘Solar House’ system to provide preferential loans and subsidies for the installation of solar panels and ensure the guaranteed purchase of generated electricity. This year alone, 50,000 households and entrepreneurs have installed solar panels in our country,” Mirziyoyev said. Currently, Uzbekistan is implementing projects for the construction of 22 solar and wind power stations with a total capacity of 9 gigawatts, and the government will create all the necessary conditions and preferences for foreign investors to implement such priority projects, Mirziyoyev concluded.

President Launches Six Green Power Plants with Total Capacity of 2.4 Gigawatts

On December 27th, President of Uzbekistan, Shavkat Mirziyoyev took part in a ceremony of commissioning and connecting to the power grid of five solar and one wind power plants in six regions of the country. The event was attended by top executives from Masdar, China Energy Engineering Corporation, China Energy International Group, China Gezhouba Group, SEPCO III, and Dongfang Electric Corporation, which implemented the investment projects. Speaking at the launch ceremony, Mirziyoyev said that today, “we are standing at an important event, which opens yet another bright page in the history of our country: six large solar and wind plants with a total capacity of 2,400 megawatts are to be connected to the grid”. The first phase of the three solar power plants has been built in Jizzakh, Samarkand and Surkhandarya regions by the UAE-based company Masdar. This company has also built a modern wind power station in the Tomdi district, and its 100-megawatt capacity was also commissioned during the ceremony. Gezhouba Group launched the construction of the first 400-megawatt solar power plants in Bukhara and Kashkadarya. Once commissioned, the President said, these projects worth $2 billion will generate six billion kilowatt-hours of electricity and save up to two billion cubic meters of natural gas. Moreover, two million homes in Uzbekistan will be provided with an uninterrupted and guaranteed electric energy supply.

Chinese Company to Produce, Install Charging Stations for Electric Vehicles in Uzbekistan

Uzbekistan and China will jointly produce charging stations for electric vehicles, said the Uzbek Ministry of Energy. During its visit to China last week, a delegation of the Uzbek Research Institute of Renewable Energy Sources and the Henan Suda company discussed the implementation of a project for the production of electric charging stations and the exchange of the necessary technologies. As a result, they signed an agreement on cooperation in the field of infrastructure for electric transport. Henan Suda is a Chinese electric vehicle manufacturer based in the Henan Province. According to the agreement, by 2033 it is planned to install more than 70 centralized and 50,000 non-centralized charging stations throughout Uzbekistan. They will provide energy to over 700,000 electric vehicles. According to a presidential decree issued a year ago, Uzbekistan plans to install 2,500 charging stations for electric vehicles across the country by the end of 2024. Their presence will become mandatory for all new gas stations, business centers, hotels, shopping and entertainment centers.

Uzbekistan Provides Incentives for Households to Install Solar Panels

As part of a government program to encourage the installation of low-power solar panels (up to 50 kW) in households in regions of Uzbekistan, citizens are to be provided with a subsidy for electrical energy produced by solar panels. For electricity produced by solar panels installed on properties and facilities owned by individuals, a subsidy of 1,000 Uzbek som (0.081U$) is to be allocated for every kilowatt-hour of surplus electrical energy transferred to the national power grid, the Uzbek Energy Ministry said. Persons who have installed renewable energy sources are also exempt from land tax and property tax. Individuals and legal entities who have installed renewable energy sources with a total capacity of up to 100 kW are exempt from paying the property tax from such devices, land tax on plots occupied by devices, and profit tax for electricity sold by legal entities to the national power grid for a period of three years from the date of their commissioning and when installing electricity storage systems with a capacity of at least 25% of the installed capacity of solar panels for ten years. In recent years, Uzbekistan has experienced increasing electricity shortages, especially in the cold winter months, as the country’s population grows and natural gas reserves are depleting. This has prompted the Uzbek government to embark on a large-scale program to introduce renewable energy sources (wind and solar power plants).

Green Pitching Event at COP28 Focuses on Central Asia’s Sustainable Future

As reported on the United Nations Development Programme (UNDP) website, the UNDP in Kazakhstan organized a Green Projects Pitching Event for the countries of Central Asia, which aimed to spotlight innovative and sustainable initiatives across the region, showcasing a collaborative commitment to green growth and climate resilience. The 28th United Nations Climate Change Conference, or COP28, kicked off on November 30th and continues through to December 12th in Dubai, United Arab Emirates, with a growing urgency to increase action for meaningful change. The countries of Central Asia are presenting a common regional position on the most pressing climate issues at global scale, adopting the cooperative approach: Five countries – one region – one vote. As part of a region particularly vulnerable to the effects of climate change, the Central Asian nations are actively participating in the COP28 climate policy negotiations, advocating for commitments to reduce emissions, achieve carbon neutrality, and secure access to climate finance for the region. “The climate crisis knows no borders; it is a challenge that transcends individual nations,” said Nuri Ozbagdatli, UNDP Climate Change Specialist for Europe and Central Asia. “Success in addressing this global issue requires collective action. Together, the global community must pool our expertise, resources, and innovation to tackle climate change comprehensively, ensuring a sustainable future for all. In the countries of Central Asia, we strongly believe in the vast potential offered by the region's nature, population, and especially its youth. These factors form crucial elements in our joint endeavors to confront and overcome the challenges posed by climate change." The event was opened by the Ministers of Ecology from three Central Asian countries: Kazakhstan, Kyrgyzstan, and Uzbekistan. "Achieving a substantial reduction in greenhouse gases requires significant financial investment,” said Yerlan Nyssanbayev, Minister of Ecology and Natural Resources of Kazakhstan, in his welcoming speech. “The strategy of low-carbon development adopted by Kazakhstan this year estimates a net investment of US$610 billion in low-carbon technologies. At the same time, the importance of climate financing, which helps societies and economies build resilience and adapt to the impacts of climate change, cannot be overstated."

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