• KGS/USD = 0.01143 0%
  • KZT/USD = 0.00196 -0%
  • TJS/USD = 0.09790 0.41%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28575 0%
  • KGS/USD = 0.01143 0%
  • KZT/USD = 0.00196 -0%
  • TJS/USD = 0.09790 0.41%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28575 0%
  • KGS/USD = 0.01143 0%
  • KZT/USD = 0.00196 -0%
  • TJS/USD = 0.09790 0.41%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28575 0%
  • KGS/USD = 0.01143 0%
  • KZT/USD = 0.00196 -0%
  • TJS/USD = 0.09790 0.41%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28575 0%
  • KGS/USD = 0.01143 0%
  • KZT/USD = 0.00196 -0%
  • TJS/USD = 0.09790 0.41%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28575 0%
  • KGS/USD = 0.01143 0%
  • KZT/USD = 0.00196 -0%
  • TJS/USD = 0.09790 0.41%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28575 0%
  • KGS/USD = 0.01143 0%
  • KZT/USD = 0.00196 -0%
  • TJS/USD = 0.09790 0.41%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28575 0%
  • KGS/USD = 0.01143 0%
  • KZT/USD = 0.00196 -0%
  • TJS/USD = 0.09790 0.41%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28575 0%
25 May 2025

Viewing results 91 - 96 of 174

The Aral Sea: Addressing Water Issues, Crisis, and Striving for a Better Life in Central Asia

By Arindam Banik and Muhtor Nasirov   The world is currently grappling with the devastating impact of climate change, as rising temperatures have become an undeniable reality. In January 2024, the global temperature exceeded normal levels for the second consecutive month, pushing the global average temperature over the 1.5-degree threshold for the first time. Many human activities, such as unplanned water use, excessive groundwater extraction, and climate change, are thought to be contributing to this situation. One poignant example is the case of the Aral Sea in Central Asia. This once breathtaking and teeming endorheic lake, nestled between Kazakhstan and Uzbekistan, was not just a body of water. It was a symbol of life, a testament to the beauty and resilience of nature. Its azure waters and diverse marine life were a source of sustenance and livelihood for the region's people. It was a vibrant ecosystem, nourished by the almost entire flow of the two main rivers, the Amu Darya and the Syr Darya, in the upstream region of Central Asia. Interestingly, the Amu Darya River used to flow into the Caspian Sea through Uzboy Channel. However, a significant shift occurred during human settlement when the flow of these rivers was redirected into the Aral Sea, marking a crucial turning point in the region's hydrological history. Despite its former glory as the third-largest lake in the world, covering an area of 68,000 km2 (26,300 sq miles), the Aral Sea began shrinking in the 1960s after the rivers that fed it were diverted to support large-scale irrigation for cotton production intended for export. The irrigated area in the Aral Sea Basin has now expanded to eight million hectares. By 2007, it had decreased to only 10 percent of its original size, dividing into four lakes. By 2009, the southeastern lake had vanished, and the southwestern lake had shrunk to a thin strip at the western edge of the former southern sea. In the following years, occasional water flows partially replenished the southeastern lake. In August 2014, NASA satellite images revealed that the eastern basin of the Aral Sea had completely dried up, leading to the formation of the Aralkum Desert. This dramatic change has severely impacted the ecology, risking the survival of numerous fish subspecies and three endemic sturgeon species. The loss of these species disrupts the natural balance and affects the livelihoods of the local communities that depend on fishing. The herring, sand smelt, and gobies were the first planktivorous fish in the lake, and their decline led to the lake's zooplankton population collapse. Consequently, the herring and sand-smelt populations have not recovered. Except for the carp, snakehead, and possibly the pipefish, all introduced species survived the lake’s shrinkage and increased salinity. In an attempt to revive fisheries, the European flounder was introduced. This situation is urgent as the delicate balance of this ecosystem is on the verge of collapse. The region's once-prosperous fishing industry has been devastated, leading to unemployment and economic hardship. Additionally, the diverted Syr Darya River...

Renewable Energy “Key” for Uzbekistan: Interview with IFC Regional Manager

Neil McKain, the IFC regional manager for Uzbekistan and Turkmenistan, says renewable energy sources are helping Uzbekistan reduce natural gas consumption. The country can become a regional leader in renewable energy sources, he told The Times of Central Asia in an interview.   ТСА: To begin, could you give us an overview of the current state of renewable energy in Uzbekistan? Neil McKain: Uzbekistan has significant renewable energy potential — primarily solar and wind — and is well equipped to fulfill its growing energy needs and transition to a clean energy economy. Renewable energy can help diversify the energy mix and reduce the country’s heavy reliance on natural gas. The government is focused on increasing the share of renewables in power production by up to 25 GW, or 40% of the country’s overall electricity consumption, by 2030. These efforts support the country's clean energy transition and address the increasing demand for energy in Uzbekistan’s economy and among its citizens. In this context, the World Bank Group is helping Uzbekistan develop 1,000 MW of solar and 500 MW of wind energy by attracting private sector investments.   ТСА: With these developments, what challenges does Uzbekistan face in transitioning to renewable energy? McKain: Like many countries, Uzbekistan faces many challenges as it transitions. The government has substantial natural gas reserves, and the economy relies heavily on fossil fuels. Transitioning away from these energy sources can be economically and politically challenging. It requires building public support and raising awareness of the many benefits of renewable energy. In addition, building the necessary infrastructure, such as solar farms, wind turbines, and an updated electrical grid, requires significant investment, time, and technical expertise. As renewable energy sources are intermittent, developing efficient energy storage solutions will be vital to ensuring a stable energy supply. Also, securing the required capital can take time, as it often involves enormous upfront costs and long-term investment before seeing returns. Addressing these multifaceted challenges will require coordinated efforts from the government, private sector, and international partners.   ТСА: What is the IFC's involvement in renewable energy projects in Uzbekistan? McKain: The IFC is deeply committed to supporting renewable energy in emerging markets, and Uzbekistan is a key country. We've been involved in several initiatives, including advising on and financing solar power projects. One of our first projects is a solar plant in the Navoi region, which provides electricity to 31,000 homes. This project was established through a public-private partnership (PPP) between the Uzbek government and Masdar, the United Arab Emirates’ flagship renewable energy company. IFC assisted the government as a transaction adviser in designing and tendering the PPP under its Scaling Solar Program. It is now a significant milestone in the country's renewable energy journey. In collaborationwith other lenders, IFC also provided a financing package to support the construction of a 500-megawatt wind farm in the Navoi region, which Masdar is also building. Capable of powering 500,000 homes, it will be the largest facility in Central Asia—and, incidentally, the largest wind farm IFC has ever sponsored. Together with our state and...

Construction of Gas Chemical Complex, Solar Plant and Airport begins in Bukhara

On May 31, construction began on three large facilities in Uzbekistan’s Bukhara region. Officially launched by President Shavkat Mirziyoyev, the ambitious development comprises a gas chemical complex, a solar power plant, and an international airport. The gas chemical complex, to be built in the Karakul free economic zone, is the first plant in the country to employ methanol- to- olefins (MTO) technology. The project aims to attract some $5 billion in investments and advanced technologies from the USA, Germany, Denmark, Austria, Italy, and China. Once completed, the complex will process 1.3 billion cubic meters of natural gas and 430 thousand tons of naphtha per year and manufacture 1.1 million tons of polymer products, in high demand by both domestic and global markets. Two thousand new jobs will be created. The second facility, a 250-megawatt solar power plant to be built by Masdar from the United Arab Emirates, will be connected to the unified energy grid in December 2025. The third initiative is a new international airport which will be much welcomed by the ever-increasing volume of foreign tourists visiting Uzbekistan. In 2023 alone, some 1.4 million tourists flew into Bukhara. Built through private partnership at a cost of $226 million, the airport will have the capacity to process 1.2 thousand passengers per hour.  Designed to meet international standards, the airport will both improve the quality of service and help attract more international airlines to Bukhara.  

Chinese Company to Build Solar Power Plant in Uzbekistan’s Tashkent Region

China Datang Overseas Investment Co. Ltd is poised to construct a solar photovoltaic power plant with a capacity of 263 MW in the Buka district of Tashkent, Uzbekistan. The project was approved by a Resolution of the President of Uzbekistan, dated 24 May, 2024. To secure its implementation, the Chinese company aims to attract $150 million in foreign investment and the National Electric Networks of Uzbekistan has guaranteed to purchase electrical energy generated by the new power plant for 25 years. According to the resolution, the main objectives of the new solar plant are to ensure a stable supply of electricity to both the local population and economic sectors, reduce natural gas consumption in electricity generation, and attract foreign investment in expanding the use of renewable energy sources in Uzbekistan.  

Uzbekistan to Establish Atomic Energy Agency

Uzbekistan is to establish an new Atomic Energy Development Agency under the Cabinet of Ministers; raising the level of the agency which currently exists as a subdivision of the Ministry of Energy. The move supports plans for the construction of Uzbekistan’s first-ever nuclear power plant and aligns with the Presidential Decree “On measures to improve the system of public administration and control in the field of subsoil use, industrial, radiation and nuclear safety, as well as the use of atomic energy,” adopted on 24 May. Once in operation, the new Atomic Energy Agency will be responsible for state policy in the use of atomic energy for peaceful purposes. The presidential decree also includes the establishment of a Committee for Industrial, Radiation and Nuclear Safety conducted by the Cabinet of Ministers. As a national executive body, the committee will be charged with the implementation and coordination of a unified state policy to oversee and ensure safety measures at nuclear energy and nuclear technology facilities and at hazardous production facilities.  

World Bank Helps Improve Social Services for Vulnerable People in Uzbekistan

On 24 May, the World Bank’s Board of Executive Directors approved a $100 million concessional loan for an Innovative Social Protection System for Inclusion of Vulnerable People Project to improve access to, and the quality of social services for vulnerable people in Uzbekistan. The project is co-financed by a $2 million grant from the Early Learning Partnership; a multi-donor trust fund managed by the World Bank to support vulnerable children’s development and learning. The grant will be used to evaluate and improve social services’ provision for the well-being of vulnerable children in Uzbekistan’s local communities or ‘mahallas.’ Welcoming the government’s commitment to broadening the nation’s social protection system and provide more inclusive and effective support to vulnerable people, Marco Mantovanelli, World Bank Country Manager for Uzbekistan, commented: “This project will help build the legal and institutional foundations of the care economy. It will also expand access to quality on-demand social services that are currently underprovided to thousands of vulnerable people across the country, including older people, persons with disabilities, survivors of gender-based violence, and vulnerable children.” The project will be implemented by the National Social Protection Agency through the Office of the President of Uzbekistan, in close collaboration with various government agencies, non-governmental organizations, and Uzbekistan’s international development partners. Over 50 community-based territorial social service centers (TSSCs) will be established across the country to improve access to enhanced social care and rehabilitation facilities for over 50,000 vulnerable citizens, including the elderly, people with disabilities, and vulnerable children. The project will also create a platform for a regulated and accredited provision of social services from the private sector and by encouraging external investment, reduce the strain on the state’s institutional-based care and welfare system. Once in operation, the project will equip 1,200 people with disabilities, at least half whom are aged 15-24, with professional skills and employment opportunities. Women will also benefit from legal, health and psychological services offered by the establishment of 29 Women Adaptation and Rehabilitation Centers. Last but not least, the initiative will lay the foundations for shock-responsive social protection in Uzbekistan, including the development of policies, emergency procedures and the piloting of a new climate adaptation program. Serving 100,000 impoverished people living in rural communities, the program is designed to increase awareness of climate-related risks and improve communities’ resilience through the provision of seeds for climate-resistant crops, tools, and training in climate-smart agriculture and climate adaptation practices.