• KGS/USD = 0.01190 0%
  • KZT/USD = 0.00211 0%
  • TJS/USD = 0.09438 0.21%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01190 0%
  • KZT/USD = 0.00211 0%
  • TJS/USD = 0.09438 0.21%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01190 0%
  • KZT/USD = 0.00211 0%
  • TJS/USD = 0.09438 0.21%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01190 0%
  • KZT/USD = 0.00211 0%
  • TJS/USD = 0.09438 0.21%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01190 0%
  • KZT/USD = 0.00211 0%
  • TJS/USD = 0.09438 0.21%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01190 0%
  • KZT/USD = 0.00211 0%
  • TJS/USD = 0.09438 0.21%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01190 0%
  • KZT/USD = 0.00211 0%
  • TJS/USD = 0.09438 0.21%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01190 0%
  • KZT/USD = 0.00211 0%
  • TJS/USD = 0.09438 0.21%
  • UZS/USD = 0.00008 0%

Viewing results 7 - 12 of 93

Central Asian Countries Gather to Share Air Pollution Solutions

On June 19th a political and regional forum was organized in Tashkent under the slogan “Building a Clean Air Future in Central Asia”. The forum was organized in partnership with the Uzbek Ministry of Ecology, the World Bank, and the United Nations Environment Program (UNEP). Participants included senior officials from the governments of Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan. The forum was created to allow the countries of Central Asia to exchange knowledge on how to prevent air pollution. Air quality in both urban and rural areas is affected by transboundary pollution, caused by emissions from burning fossil fuels in industry, the heating sector, and transport. Another source of pollution in cities is sand and dust storms. Most air quality-related illnesses and premature deaths in Central Asia are attributable to delicate particulate matter 2.5 microns or less in diameter (PM2.5). Their concentration in large cities is often several times higher than the permissible air quality parameters recommended by the World Health Organization. This is especially noticeable during winter, when the heating sector uses coal and gas for power. According to the IQAir portal, which monitors global air quality, Central Asian cities are often among the most polluted cities in the world. The participants at “Building a Clean Air Future in Central Asia” studied each other's measures and practices in air quality management. They then defined some priority directions for accelerating regional cooperation on these issues. Valerie Hickey, the World Bank's global director for environment, natural resources and the blue economy, commented: “Air quality management is a complex challenge that requires understanding where the pollution comes from and prioritizing actions in those sectors. This will take better data and stronger regulations harmonized across borders, credible institutions, and clean infrastructure. Working together, the countries can clean the air across Central Asia.” Sylvie Motar, deputy director of the European office of the UNEP, added: “Air pollution knows no borders, so cooperation between Central Asian countries in this area is essential. This dialogue will help increase investments in clean air to protect the health of the people of Central Asia.”

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Malaysian and Chinese Companies to Aid Development of Green Energy in Uzbekistan

A cooperation agreement has been signed between Uzbekistan’s Yashil Energy, Malaysia’s Fabulous Sunview, and China’s Huawei Tech. Investment Tashkent. According to a report by  the Uzbek Ministry of Energy, the agreement provides for the joint development of green energy in Uzbekistan and construction of small solar photovoltaic stations with a capacity of 50 MW on the roofs of social facilities, government agencies, and other organizations. The document was signed during the 17th International Conference and Exhibition on “Electricity Production Using Solar Photovoltaic Stations and Smart Energy” held in Shanghai from 13-15 June.    

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Uzbekistan and Korea Forge New, High-Tech Agenda for Strategic Partnership

On 14 June, South Korean President Yoon Suk Yeol held talks with Uzbekistan President Shavkat Mirziyoyev. During their meeting in Tashkent, it was noted that the Republic of Korea is among Uzbekistan’s leading trade and investment partners. Last year, bilateral trade turnover reached $2.5 billion, and Korean investments in Uzbekistan now exceed $7.5 billion. Negotiations focused on the formation of a new, high-tech agenda for Uzbek-Korean strategic partnership over the next three years. As a result, the two leaders tasked their governments to prepare a Strategic Program for the creation of a regional high-tech hub in Uzbekistan, with priority given to the following “anchor” areas of the Strategy: Partnership on critical mineral resources with deep processing and creation of a complete added value chain. Strategic cooperation in the field of semiconductors, in which the Republic of Korea is recognized as a global leader, and the implementation of plans to create in Uzbekistan’s first fully-fledged research and production cluster of semiconductor products. Full-scale partnership in the chemical industry, including new projects to produce green hydrogen and ammonia, as well as finished rubber products. Deepening cooperation in mechanical engineering. This spring, an assembly line for KIA cars was launched in Uzbekistan’s Jizzakh region, to be followed next year, by a plant with the capacity to manufacture over 60 thousand vehicles per year. Transfer of technologies to develop “smart” agriculture, including via the digitalization of the agricultural sector,  the introduction of “smart” and “green” technologies. Agreements have already been reached on the creation of modern greenhouses and garden complexes in Uzbekistan’s regions based on renewable energy sources. Infrastructure modernization and a program for urban development, based on the high interest of Korean banks and companies in the modernization of transport infrastructure,  and the design and construction of residential and commercial real estate in Uzbekistan on the principles of public-private partnership. With regard to developing potential projects in  green energy and increase energy efficiency, strategic dialogue is to be resumed between energy ministers and a meeting organized in Uzbekistan in the near future.

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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...

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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...

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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.  

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