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Uzbekistan updates global investors on Public-Private Partnerships in its electricity sector
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  • Uzbekistan updates global investors on Public-Private Partnerships in its electricity sector

IFC praises Uzbekistan’s progress and expects investment to flow

 

Tashkent – 03 March 2020 – The Ministry of Energy of Uzbekistan is pleased to announce that a conference for global investors was successfully held in Tashkent, where attendees heard details of the latest public-private partnership (PPP) project in Uzbekistan’s electricity industry.

The proposed PPP is for the construction of a combined cycle gas plant (CCGT) with a capacity of 1500 MW in the Sirdarya region of the country. It is the sixth PPP project in Uzbekistan’s energy sector in the last year.

Ongoing PPPs in the energy sector include the design, financing, construction and operation of a 200 MW solar photovoltaic plant in Samarkand region, 200 MW in Jizzakh and 200 MW in Sherabad with ADB.

Today’s PPP news represents further momentum in Uzbekistan’s ongoing energy reforms to update infrastructure, ensure energy security for business/consumers and proactively attract investment to the sector.

Delegates received further information about the energy sector of Uzbekistan, the legal framework for PPPs, the scope of the CCGT PPP project and contract details for its construction and development, which is currently subject to tender.

Delegates included investors from major international companies, such as Sumitomo, Mitsui, Engie, EDF, Kepco, AcwaPower, Hyundai, Mitsubishi, Marubeni, and other interested parties from countries worldwide including Turkey, China, Korea, Japan, Italy, France, UAE, Kuwait, Spain, Russia, India and Germany who showed interest in participating in PPP projects.

The conference was organised by the Ministry of Energy, with the Ministry of Investments and Foreign Trade, the PPP Development Agency under the Ministry of Finance together with the International Finance Corporation (IFC), part of the World Bank Group.

The IFC is advising Uzbekistan on the structure and procedure for the tender, which will be a two-part competitive process to select a private partner for a long-term agreement with Uzbekistan’s government on financing, design, construction, operation, maintenance and transfer of the plant.

Deputy Director of the Project Office of the Ministry of Energy of the Republic of Uzbekistan, Bahrom Umarbekov, said:

“We were pleased to videohost such a distinguished group of guests at our Investment Conference in Tashkent, all of whom recognise the steps we are taking to reform our energy sector and demonstrated by their attendance their continued interest in joining us on this journey. The successful implementation of this public-private partnership will increase the stability of electricity supplies and further ensure the efficient use of natural gas.”

04.03.2020
3091
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Ministry of Energy of the Republic of Uzbekistan
  • About Ministry
    • About Ministry
    • Board
    • Administration
    • Jobs
    • Ministry structure
    • Scientific and Technical Council
    • Central office
  • Press-center
    • News
    • Events
    • Performances and statements by management
    • Media plan
    • Mass Media about us
    • Press Service Contacts
    • Hit statistics
    • Energry efficiency information portal
    • Hero of Uzbekistan
    • Rate policy
    • Open data portal
    • Scientific works
    • Scheduled shutdowns
  • ACTIVITY
    • Development Concept and Investment opportunities
    • Oil and gas industry
    • Power industry
    • Nuclear power
    • Renewable energy sources
    • Energy Efficiency and Energy Saving
    • State control in the field of energy
    • State control in the oil and gas sector
    • The international cooperation
    • Anti-corruption
    • Rules of Ethical Conduct
    • Agreement Implementation Group
  • Documents
    • The laws
    • Decrees, decrees and orders of the President
    • Decisions and orders of the Government
    • Normative acts registered by the Ministry of Justice
    • Occupational standards
    • Orders and decisions of the Ministry
  • Contacts
  • Youth union
    • Objectives
    • Documents
    • Оrganizational structure
    • News
    • Photo gallery
    • Young Professionals Selection Program
  • Save Energy
    • News
  • Trade union
    • News
    • Events
  • Open data
    • Open data
  • Energy Efficiency System (ES)
  • Fight against corruption
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