• KGS/USD = 0.01144 0%
  • KZT/USD = 0.00189 0%
  • TJS/USD = 0.09217 0.44%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28615 0.14%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00189 0%
  • TJS/USD = 0.09217 0.44%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28615 0.14%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00189 0%
  • TJS/USD = 0.09217 0.44%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28615 0.14%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00189 0%
  • TJS/USD = 0.09217 0.44%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28615 0.14%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00189 0%
  • TJS/USD = 0.09217 0.44%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28615 0.14%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00189 0%
  • TJS/USD = 0.09217 0.44%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28615 0.14%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00189 0%
  • TJS/USD = 0.09217 0.44%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28615 0.14%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00189 0%
  • TJS/USD = 0.09217 0.44%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28615 0.14%
18 January 2025

Viewing results 1 - 6 of 20

Fossil-Fuel Rich UAE Drives Central Asia’s Green Energy Transition

Central Asian nations, especially Kazakhstan and Uzbekistan, are seeking to develop closer ties with the oil-rich United Arab Emirates. What they need from the Gulf state is not fossil fuels, but renewable energy technology and investment in their green energy sectors. Despite being a significant oil-exporter, the UAE has managed in recent years to position itself as a regional leader in solar energy and photovoltaic solar projects. As a result, it now has global aspirations in the renewable energy industry. The Gulf country, through its semi-government-owned company, Masdar, has already invested billions of dollars in the construction of wind farms and solar plants all over the world – from the Bahamas and Barbados to Australia, as well as several African and European nations. Central Asia is no exception. In the region, the green energy giant is particularly active in Uzbekistan and Kazakhstan. It is, therefore, no surprise that, on January 14, two regional leaders, Shavkat Mirziyoyev and Kassym-Jomart Tokayev, were major guests at the Abu Dhabi Sustainability Week, a global platform focused on accelerating sustainability efforts. [caption id="attachment_27597" align="aligncenter" width="1280"] President Tokayev of Kazakhstan speaking at the Abu Dhabi Sustainability Week; image: TCA, Nikola Mikovic[/caption] Their visit to the UAE signals a strong push for a green energy transition at home. For Tashkent and Astana, cooperation with Abu Dhabi in the field of green energy can help them to achieve their ambitious goals and reduce reliance on fossil fuels, despite both being significant producers of natural gas and oil. “Together with our foreign partners, we are currently implementing more than 50 large energy projects worth a total of $26 billion,” Mirziyoyev stressed, pointing out that by 2030, the share of renewable energy sources in the country will reach 54%. [caption id="attachment_27593" align="aligncenter" width="2560"] President of Uzbekistan, Shavkat Mirziyoyev backstage at the Abu Dhabi Sustainability Week; image: TCA, Nikola Mikovic[/caption] In his view, Central Asia should turn into a “center of green economy.” The Director-General of the International Renewable Energy Agency (IRENA), Francesco La Camera, seems to share this stance. “Central Asia can play a stronger and leading role in the global energy transition. I’m confident this new partnership can accelerate the pipeline of renewable energy projects and drive green industrialization,” La Camera said at the 15th session of the IRENA Assembly, held in the UAE capital two days prior to the meetings Mirziyoyev and Tokayev had with the UAE’s leaders. According to the Uzbek President, Tashkent is interested in jointly realizing the potential of Central Asia in solar, wind, and hydro energy, as well as in developing the production of green hydrogen. Fully aware of the Central Asian state’s green energy potential, Masdar is committed to investing $2 billion in Tashkent’s clean energy projects with a total capacity of more than two gigawatts. In the most populated Central Asian nation, the UAE’s semi-state-owned company is already involved in the construction of both solar plants and wind farms. [caption id="attachment_27594" align="aligncenter" width="2560"] Abdulaziz Alobaidli, Masdar’s Chief Operating Officer, at the Abu...

Rosatom to Build 100 MW Wind Farm in Kyrgyzstan

Rosatom Renewable Energy, the wind power division of Russia’s State Atomic Energy Corporation Rosatom, has signed an investment agreement with Kyrgyzstan’s Cabinet of Ministers to construct and operate a 100 MW wind farm in Kok-Moinok village, located in the Issyk-Kul region The agreement was formalized by Taalaibek Ibraev, Kyrgyzstan’s Minister of Energy; Grigory Nazarov, Director General of Rosatom Renewable Energy; and Dmitry Andreyev, Director General of NovaWind Kyrgyzstan, LLC. The project represents Rosatom’s first export initiative in wind power generation. A ceremonial milestone was reached in September 2024 with the laying of a time capsule at the site of the future wind farm. Design and survey work, along with equipment procurement, is slated to begin in 2025. Rosatom's Broader Role in Kyrgyzstan Rosatom has been actively advancing strategic energy projects in Kyrgyzstan. In January 2022, the company and Kyrgyzstan’s Ministry of Energy signed a memorandum of cooperation to construct low-power nuclear power plants based on the RITM-200N reactor. Additionally, Rosatom is contributing to the development of Kyrgyzstan’s hydroelectric capacity, including the construction of the Leilek HPP (5.9 MW), Jerooy HPP (28 MW), and Chandalash HPP (30 MW). These efforts reflect the company’s diversified approach to strengthening the country's energy sector. Kyrgyzstan continues to face electricity shortages, particularly during the harsh winter months. To tackle this issue, the country is investing in a mix of renewable energy projects, including solar and wind farms, as well as large hydroelectric power plants. Rosatom’s 100 MW wind farm in Kok-Moinok is expected to play a significant role in diversifying Kyrgyzstan’s energy sources and enhancing energy security.

Uzbekistan Plans to Increase Share of Green Energy to 40% by 2030

Uzbekistan intends to increase the share of renewable energy sources in the country’s energy consumption structure to 40% by 2030. Energy Minister Zhurabek Mirzamakhmudov announced this at the “Russian Energy Week" forum. According to Mirzamakhmudov, renewable energy, including solar and wind power plants, will become the basis for meeting the growing electricity demand as part of the country's growth strategy. Mirzamakhmudov noted that Uzbekistan's economy is growing by 6% annually, and the population will continue to grow. This causes the demand for electricity to grow by 7-8% per year, and by 2030, this figure may stabilize at 7.5%. Uzbekistan plans to introduce up to 20 gigawatts of solar and wind power plant capacity to meet this demand. It is expected that the share of renewable energy sources in the country's total energy balance will reach 40%. The share of renewable energy is about 10%, but by the end of this year, it should increase to 15%. In the coming years, 2.5 to 3.5 gigawatts of new capacity will be commissioned annually. In addition, considerable attention will be paid to developing thermal and hydroelectric power plants, which are planned to reach 18.5 gigawatts of capacity by 2030. The minister also emphasized the importance of energy storage systems. Uzbekistan plans to install 300 megawatts of storage capacity this year and increase it to 4.2 gigawatts by 2030, mainly using lithium-ion batteries. Along with this, projects to create hydro-battery stations will be implemented. Mirzamakhmudov added that all these projects are financed by foreign direct investment, demonstrating the high interest of international investors in the country's energy sector. The Russian Energy Week 2024 forum is being held in Moscow from September 26 to 28. The event's main theme is “Energy Cooperation in a Multipolar World.” More than 70 speakers from various countries have participated, including from Russia, BRICS countries, and Africa. The forum discussed topics such as sustainable energy development, the role of hydrocarbons in the future, and issues of technological independence. One of the key events was the meeting of BRICS energy ministers. Earlier, The Times of Central Asia wrote about the annual meeting of the Board of Directors of the Asian Infrastructure Investment Bank (AIIB) held in Samarkand on September 25-26, where Uzbek President Shavkat Mirziyoyev proposed a program of green energy development for Central Asia.

Joint Portfolio of Uzbekistan and Saudi Arabia Projects Exceeds $30 Billion

On May 2, Uzbek President Shavkat Mirziyoyev welcomed representatives of several countries to the Tashkent International Investment Forum. In discussion with the Speaker of the Parliament of Singapore, Sia Kian Peng, the two sides focused on cooperation in personnel training, investment, tourism and public safety, and emphasized the importance of joint, effective parliamentary control over their bilateral high-level agreements. During negotiations between Mirziyoyev  and the Chairman of the Cabinet of Ministers of Kyrgyzstan Aqilbek Japarov, the two leaders  concentrated on deepening strategic partnership between Uzbekistan and Kyrgyzstan, expansion of cooperation in various trade sectors such as industrial, energy, transport and logistics, and  marshalling interregional relations and cultural-humanitarian exchange. Special attention was paid to practical issues relating to the Kambarata HPP-1 (hydropower plant) and China-Kyrgyzstan-Uzbekistan railway projects. A delegation led by Prince Abdulaziz bin Salman Al-Saud, Minister of Energy of Saudi Arabia, used the opportunity to discuss the further expansion of practical cooperation, and the implementation of priority investment projects in Uzbekistan. The high level of bilateral trade and investment partnerships already achieved was noted. The portfolio of joint projects currently exceeds $30 billion, with Saudi Arabia's ACWA serving as a keen investor in Uzbek wind power generation. According to data provided by the Uzbek Government, agreements to implement projects worth $18 billion in the fields of green energy, infrastructure, healthcare and pharmaceuticals are set to be signed within the framework of the Tashkent International Investment Forum.

Kazakhstan: AIIB to fund construction of Central Asia’s largest wind power plant

NUR-SULTAN (TCA) — Kazakhstan's Zhanatas wind power plant, the largest of its kind in Central Asia, will get loans of 46.7 million U.S. dollars from the Asian Infrastructure Investment Bank (AIIB), Xinhua news agency reported. Continue reading

EDB to finance wind farm construction in Kazakhstan

NUR-SULTAN (TCA) — The Eurasian Development Bank (EDB) and Ereymentau Wind Power, a company of the Samruk-Energy holding company, have signed a KZT 23.2 billion loan agreement to finance the construction of a 50 MW wind farm near the town of Ereymentau in Kazakhstan. Continue reading