On July 12, President Shavkat Mirziyoyev got acquainted with a presentation on the implementation of major energy projects in partnership with the United Arab Emirates.
The cooperation between Uzbekistan and the UAE is developing dynamically. Since the beginning of this year, the trade turnover has doubled, as well as 45 new enterprises have been created with the UAE capital in Uzbekistan.
The mutually beneficial partnership covers many sectors of the economy, of which one of the most important is energy.
The first large solar power plant was launched together with the UAE’s Masdar Company in the Navoiy Region last year. It supplies 1 million 180 thousand kilowatt-hours of electricity per day.
The implementation of 5 more large energy projects, the total cost of which is almost $3 billion, has been agreed upon. These are the privatization and the capacity increase of the Talimarjan TPP (thermal power plant) with the Mubadala and TAQA companies, the construction of a wind power plant in the Navoiy Region and photovoltaic stations in Surkhandarya, Samarkand and Jizzakh regions with the Masdar company.
It should be noted that a new mechanism for the development and coordination of economic cooperation with the UAE has been launched this year.
The implementation of these projects based on this system was considered at the meeting.
The responsible officials reported on the current status of projects and activities planned by the end of the year.
The President has noted that these projects will create the basis for the stability of the energy system and a further increase in the inflow of investments into the economy.
Speaking about the privatization of Talimarjan TPP (thermal power plant), the President has stressed that the project should become a model in the management of thermal power plants of in Uzbekistan and efficient electricity production.
The projects to be implemented in the field of renewable energy jointly with the Masdar Company will become an important step towards bringing the share of green energy to 25% by 2030.
In this regard, the need was noted for speeding up the process of signing the necessary agreements and documents to launch the practical work on the implementation of these projects.