Tuesday, 22, October, 2019

Economy

A new US$ 1.1 billion 1300 MW capacity thermal power plant (TPP) under a public-private partnership (PPP) terms will be erected in the Syrdarya province, with the commissioning of the TPP scheduled in 2022.

Chinese company Hebei Good Hope Logistics Development Co. will launch an electric pickups production unit in Uzbekistan. The relevant agreement was inked during the visit of President Shavkat Mirziyoyev to China in April this year.

Uzbek-French joint venture Uzenergoengineering-Assystem for designing various types of electricity networks and energy facilities using innovative technologies has been set up in Tashkent, the Ministry of Energy of Uzbekistan said.

Wind mast installing ceremony was held in Bukhara’s Gijduvan district as part of the implementation of a wind farm project with the Chinese corporation Lioaning Lide, the Foreign Ministry said.

The Uzbek Electric Networks signed a 10-year take-or-pay electricity supply contract with Da Afghanistan Breshna Sherkat, an energy company, on September 20. 

The Ministry of Energy of Uzbekistan and the Saudi Arabian ACWA Power signed deals on the construction in Uzbekistan of several power plants with a total capacity of 2250 MW. The signing took place on the sidelines of the Central Asian Energy Forum held in Tashkent.

Five set of metro trains of 81-765.5/766.5/767.5 model for the new elevated Tashkent metro line were dispatched on Thursday by the Russian Metrovagonmash (subsidiary of Transmashholding), the holding said.

The volume of money remittances from Russia to Uzbekistan in the first year-half surpassed US$ 2 billion, US$ 200 million more to the last year, the Central Bank of Russia said in a report.

Epsilon is actively applying new technologies to increase gas production, including through hydraulic fracturing in reservoirs. Between September 11-17, 2019, the company conducted hydraulic fracturing in 6 wells, which resulted in gas production increase from daily 156 thousand to 1.6 million cubic meters per day.

President Shavkat Mirziyoyev signed a decree establishing Chiroqchi free economic zone (FEZ) in the Kashkadarya’s Chiroqchi district.