Saturday, 23, November, 2024

Economy

The Ministry of Energy intends to engage the Saudi energy company ACWA Power for the construction of a 500 MW wind farm in the Navoi province, the ministry said in a statement.

President Shavkat Mirziyoyev, at the oil and gas sector meeting, instructed to increase the production of natural gas and liquid hydrocarbons this year, the presidential press service said.

The Central Bank presented latest data on Uzbekistan’s gold and foreign currency reserves, the Bank said in a report. As of January 1, 2020, the official reserves stood at US$ 29.1 billion. The international reserves - US$ 28.6 billion. Uzbekistan's reserves remain poorly diversified, with almost all of them shared between USD (US$ 12.4 billion) and gold (US$ 16.3 billion).

This year Uzbekistan will buy by 165% more agromachineries to the last year, the chairman of Uzagrotechsanoatholding, Nodir Otajonov said at the next session of the International Press Club in Tashken’st Congress Hall.

The Ministry of Energy announced the launch of the first pilot project to build a photovoltaic plant in Surkhandarya’s Sherabad district with the support of the Asian Development Bank (ADB), the Ministry of Energy said in a statement.

The Russian Power Machines completed the modernization of two power units of the Syrdarya Thermal Power Plant, the largest TPP in Uzbekistan, having completed the phase I of its reconstruction, the Ministry of Energy said in a statement.

Shavkat Mirziyoyev signed the Measures to Implement Tasks Outlined in Uzbekistan’s Agriculture Development Strategy for 2020–2030 Decree.

Uzbekistan and Tajikistan launched the talks to jointly build two hydropower plants on the Zarafshan River in Tajikistan, the Uzbek Ministry of Energy said.

In January-December 2019, the Uzbekistan average monthly salary before tax topped 2.32 million soums or US$ 245, an increase by 27.5% year-to-year, the State Statistics Committee said in a report.

At the Ministry of Transport was held a meeting with executives of Deutsche Bahn. The First Deputy Minister of Transport Ilkhom Mahkamov held talks with the delegation of the company led by the Regional director for Eastern Europe, Russia and CIS, Vincent van Houten.

Uzbekistan and the UAE’s Mubadala signed an agreement on the privatization of the Talimarjan TPP, the Ministry of Investment and Foreign Trade said.

Uzbekistan could stop exporting natural gas by 2025, the PM Abdulla Aripov said at a meeting of the Political Council of the Liberal Democratic Party (UzLiDeP) in Tashkent on Saturday.

The Ministry of Investment and Foreign Trade and Masdar (UAE) signed an agreement for a 400 MW wind farm project in Navoi province.

In 2019, Uzbekistan’s international trade in goods and services reached US$ 42.2 billion, an increase by US$ 8.7 billion, or 26.2% year-to-year.

Uzautosanoat, the Chinese Sinotruk International Investment Limited and the German MAN Truck & Bus SE signed a joint venture agreement for UZ Truck and Bus Motors to be based at JV MAN Auto-Uzbekistan plant, Uzavtosanoat said in a statement.

Uzbekistan is set to hold a major global aviation forum on February 19-20, a source in the government said. Today, major market players have been invited to the forum, and many of them have responded and booked places. It’s already safe to say that many large international companies will come to Uzbekistan to learn more about the market, about the airports and the services. The vent will help improve logistics, provide additional amenities for passengers, and of course, reduce air prices due to the arrival of new carriers, including low-cost airlines," the source said.

The Ministry of Energy, together with the International Finance Corporation (IFC), is preparing the second stage of call for bids for solar power plants in Samarkand and Jizzakh provinces.

Uzbekistan and Japanese companies signed over US$ 1 billion worth of uranium supply contracts as part of the December visit of the President Shavkat Mirziyoyev to Japan.

The consumer index in Uzbekistan in 2019 topped 15.2%, the State Statistics Committee said in a report, while in 2018 it was at 14.3%.

In January-November, Uzbekistan exported worth US$ 4.4 billion gold, recording a 2.8-times year-to-year increased, the State Statistics Committee said in a report.