Monday, 14, October, 2019

Economy

The Royal Dutch Shell's subsidiary, Shell Catalysts & Technologies and Surhan Gas Chemical Operating Company of Uzbekistan signed the process license agreement providing for building a 5 BCM natural gas throughput capacity gas processing plant in Uzbekistan.

The rates of import duties on confectionery and chocolate will be raised in Uzbekistan starting from January 1, 2020. This is provided for by Oct. 2 presidential decree.

The World Bank has published an economic survey on Migration and Brain Drain in Europe and Central Asia. The document notes that the main risk for Uzbekistan is the prospect of turbulence in the global economy.

Uzbekistan and Japan are in talks to launch the production of electric buses. This became known as a result of the meeting held on the eve chaired by Shavkat Mirziyoyev, the presidential press service said in a statement.

Uzbekistan sets a precedent today with the announcement of the winning private sector bidder for the country’s first ever competitively tendered solar power public-private partnership (PPP). This announcement opens new markets for private investment and makes progress towards the country’s goal to increase use of renewable energy. This PPP, tendered under the World Bank Group’s Scaling Solar program, will soon add 100 MW of clean, renewable energy to the country’s energy mix.

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.