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Discussion Starter · #101 ·
Siemens AG to modernise TPP in Tashkent



Siemens AG and Stone City (Netherlands) are planning to modernise four thermal power plants in Tashkent, the German conglomerate said following a meeting in the Uzbek capital.

Siemens AG and Stone City (Netherlands) are planning to modernise four thermal power plants in Tashkent, the German conglomerate said following a meeting in the Uzbek capital.

The meeting discussed cooperation with the company in the field of energy, in particular, the construction of power plants and thermal stations, as well as the development of hydrogen fuel.

It was noted that a number of ministries and departments of the country are ready to establish relations with Siemens AG on the basis of public-private partnerships. If necessary, service centers would be opened to service German equipment, and local specialists would be trained.

The parties exchanged views on improving energy sustainability, uninterrupted supply of electricity and heat to the population, condition of service facilities and their gradual commissioning in accordance with modern requirements.

https://uzreport.news/economy/siemens-ag-to-modernise-tpp-in-tashkent
 

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Discussion Starter · #102 ·
ACWA Power to build largest in Central Asia wind farm in Uzbekistan



ACWA Power to build largest in Central Asia wind farm in Uzbekistan


Saudi Arabian ACWA Power has announced its readiness to build a new wind farm in Uzbekistan. The facility is set to become the largest in the region, and one of the largest in the world. A corresponding agreement was signed on May 3 this year with the ministries of energy, as well as investment and foreign trade of Uzbekistan.
The project includes the development, construction, and operation of a 1,500 MW wind power project in Karakalpakstan.
"This project is another significant achievement for your country and reinforces ACWA Power's commitment to work with fast-growing markets such as Uzbekistan to achieve its ambitious renewable energy and sustainable development goals," said ACWA Power Chairman Mohammad Abunayyan, commenting on the event.

"As an energy producer, we in Uzbekistan are learning a lot from our Middle Eastern and especially Saudi partners in the transition to a low-carbon economy. The ACWA Power project will make a big contribution to this process. Our plan is to produce 25% of electricity from renewable energy sources by 2030, " said Deputy Minister of Energy of Uzbekistan Sherzod Khodjaev.
The project is expected to meet the electricity needs of approximately 4mn households and offset approximately 2.5mn tons of carbon dioxide per year. The project is also in line the with government's goals of significantly increasing electricity generation using renewable energy to meet the growing demand.

ACWA Power is also running two more wind projects in Bukhara and Navoi, with a combined power generation capacity of 1,000 MW. In the Syrdarya region, it is implementing a project to build a high-efficiency gas power plant with a capacity of 1,500 MW.

https://uzreport.news/economy/acwa-power-to-build-largest-in-central-asia-wind-farm-in-uzbekistan
 

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Discussion Starter · #103 ·
IAEA: Uzbekistan is ready to build its first nuclear power plant



IAEA: Uzbekistan is ready to build its first nuclear power plant

Uzbekistan has made significant progress in the development of its nuclear power infrastructure," said Milko Kovachev, head of the IAEA's Nuclear Infrastructure Development Section as the organisation’s delegation has concluded its 12-day trip to Uzbekistan. Adding to him, the country's nuclear power program enjoys strong government support.

A team of experts from the International Atomic Energy Agency conducted a comprehensive assessment of infrastructure development for the nuclear power program and concluded that everything was going according to plan and in compliance with all regulatory requirements.

Uzbekistan is preparing to build its first nuclear power plant and has already selected a site for its construction. The group made recommendations and suggestions aimed at helping Uzbekistan to prepare for the construction of its first nuclear power plant.

IAEA: Uzbekistan is ready to build its first nuclear power plant
 

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Discussion Starter · #104 ·
Uzbekistan to study Hungary’s experience in construction of nuclear power plant



Uzbekistan to study Hungary’s experience in construction of nuclear power plant


Uzbekistan’s Energy Ministry and the Uzatom Agency have reached an agreement with the Hungarian delegation on sending Uzbek specialists to the construction sites of the PAKS-2 nuclear power plant NPP.
The parties came to a mutual opinion that detailed monitoring of the work at the NPP in Hungary would be very useful for Uzbek specialists.
Hungarian delegates said that nuclear power was satisfying most of the demand for electricity in the country.
"Hungary has initiated a project for the construction of the PAKS-2 NPP, the design is carried out by Russia, power units are based on VVER-1200 reactors. The launch of the first unit is scheduled for 2030, which will ensure the continuity of electricity generation," they added.
The NPP in the Jizzakh region is also to be built using Russian technologies.


Uzbekistan to study Hungary’s experience in construction of nuclear power plant
 

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Discussion Starter · #105 ·
Major European banks channel €1.1bn to finance expansion of Uzbekistan’s flagship gas chemical asset



Major European banks channel €1.1bn to finance expansion of Uzbekistan’s flagship gas chemical asset


Deutsche Bank (€500mn), Landesbank Baden-Wuerttemberg (€300mn) and Landesbank Hessen-Thüringen Girozentrale (€300mn) are set to finance the expansion of Uzbekistan’s flagship gas chemical asset, Shurtan Gas Chemical Complex. The €1.1bn agreement was signed on September 30 in Tashkent, on the sidelines of economic forum.
“The participation of prestigious European banks is a significant endorsement of Uzbekistan’s attractiveness as an investment”, Uzbekneftegaz said in a statement.
The total cost of the project is $1.8bn, of which $1.2bn will be contributed by a consortium of foreign banks and financial institutions, and $600mn from Uzbekneftegaz.
“Today’s announcement is yet another example of high-quality, international investment capital being allocated to Uzbekistan to help finance our exciting energy reforms. We have set ambitious energy targets, and activated strategies at great speed to achieve those targets, but attracting substantial international capital is one of the best measures of our progress. It is a proud day for Uzbekistan, and we thank our new European partners for their considerable support”, said Alisher Sultanov, Uzbekistan’s Minster of Energy.
The funds are set to be raised under the insurance coverage of Euler Hermes (Germany), SACE (Italy), Atradius (Netherlands) and other European export credit agencies.
A separate agreement was signed between Uzbekneftegaz and international law firm White & Case.
The expansion of production capacity at Shurtan is to annually contribute 280,000 additional tonnes of bimodal polyethylene, 100,000 tonnes of polypropylene and 50,000 tonnes of pyrolysis distillate.

Major European banks channel €1.1bn to finance expansion of Uzbekistan’s flagship gas chemical asset
 
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