• KGS/USD = 0.01152 0%
  • KZT/USD = 0.00192 0%
  • TJS/USD = 0.09168 0.11%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01152 0%
  • KZT/USD = 0.00192 0%
  • TJS/USD = 0.09168 0.11%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01152 0%
  • KZT/USD = 0.00192 0%
  • TJS/USD = 0.09168 0.11%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01152 0%
  • KZT/USD = 0.00192 0%
  • TJS/USD = 0.09168 0.11%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01152 0%
  • KZT/USD = 0.00192 0%
  • TJS/USD = 0.09168 0.11%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01152 0%
  • KZT/USD = 0.00192 0%
  • TJS/USD = 0.09168 0.11%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01152 0%
  • KZT/USD = 0.00192 0%
  • TJS/USD = 0.09168 0.11%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01152 0%
  • KZT/USD = 0.00192 0%
  • TJS/USD = 0.09168 0.11%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
05 December 2024

Viewing results 1 - 6 of 18

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

Italy’s Eni to build a 48 MW wind power plant in Kazakhstan

NUR-SULTAN (TCA) — Italian energy company Eni, through its local subsidiary ArmWind LLP, a joint venture between Eni and General Electric, has been awarded a 48 MW wind power project as a result of the online reverse auction for Wind Power Plants in the Kazakhstan Northern Zone, the company said. This was the third auction held in the country, after the two previous sessions held in 2018. The project, located in the proximity of Badamsha village, in Kazakhstan’s Aktobe region, represents the extension of the Badamsha 1 48 MW wind farm currently under construction, which marked the first Eni large scale investment in wind technology. Continue reading

Chinese corp. launches a large wind power plant project in Uzbekistan

TASHKENT (TCA) — Gijduvan district of Uzbekistan’s Bukhara region on September 22 hosted a ceremony of installing a mast designed to measure wind power. The event was held within the framework of implementation of a project on building a wind power plant together with the Chinese corporation Lioaning Lide, the Jahon information agency reported. Continue reading