Ministry of Energy of the Republic of Uzbekistan
  • РУ
  • O'Z
  • EN
  • 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

Search on site

Ministry of Energy
of the Republic of Uzbekistan
  • E-mail: info@minenergy.uz
  • View

    A
    A
    A

    Font size

    Increase by 0%
    Increase by 0%
  • РУ
  • O'Z
  • EN
  • 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
JSC Uzbekgidroenergo intends to list bonds on the London Stock Exchange
  • Home
  • Press center
  • JSC Uzbekgidroenergo intends to list bonds on the London Stock Exchange

JSC Uzbekgidroenergo (“Uzbekgidroenergo/the Company”), the country’s state hydropower producer and developer, announces its intention to list bonds on the London Stock Exchange, [in the near future].

 

In line with the strategy established by the President of Uzbekistan for state entities to attract loans from international financial institutions without state guarantees, Uzbekgidroenergo is working closely with Fitch Ratings to obtain its international credit rating.

 

Uzbekgidroenergo will [shortly] be the first joint-stock company in Uzbekistan’s energy sector to secure an international credit rating, based on [audited] IFRS accounts. This will be a significant achievement for Uzbekistan’s hydropower industry, and a proud moment for the nation.

 

Abdugani Sanginov, Chairman of the Board of JSC Uzbekgidroenergo, said:

 

“We have a very clear roadmap for Uzbekgidroenergo’s development, which involves new milestones for Uzbekistan’s energy sector. An international credit rating, a transition to the IFRS accounting standard, implementing ISO 50001, and the intention to list bonds on the London Stock Exchange – sends a very clear signal about Uzbekistan’s commitment to international best practice and building investment grade corporations.”

 

The work with Fitch is part of an overall roadmap for the Company including:

 

  • The transition to, and preparation of financial statements based on [IFRS], for the Company and its subsidiaries;
  • A valuation of the Company’s properties and enterprises by Grant Thornton;
  • An audit of the Company and its subsidiaries’ financial statements by Big Four global accountancy firm, PwC;
  • Implementation of ISO 50001 Energy Management Systems – one of the first organisations in Uzbekistan to implement this international standard

 

The transition to [IFRS] will enable timely implementation of investment projects to construct new hydropower plants, and modernise existing ones, as part of the ‘Project Factory’ initiative. This initiative, which incorporates more than 30 investment projects and a projected capacity of 907.5 MW, worth US$1.37 billion is currently underway. By the end of 2020, it is expected that seven projects with additional capacity of 118.3 MW will have been commissioned.

 

Recently it was announced that a 20-year loan agreement, worth €55.8 million, has been signed with the French Development Agency to finance a series of projects in Uzbekistan’s hydropower sector. The loan agreement complements Uzbekistan’s ambitious national energy strategy to generate a quarter of all electricity from renewable sources by 2030, including 3.8 GW of hydro energy.

 

With the support of international partners, Uzbekistan is making great strides towards achieving its ambitious energy and investment goals.

 

28.08.2020
1967
Latest News
The second stage of the tender for the construction of a 200 MW wind power plant in Karakalpakstan has started
11.04.2023
3513
Invitation to participate in the selection for the purchase, installation and guaranteed maintenance of small solar power plants for the needs of social and state facilities and other organizations
07.03.2023
2709
Notice on Request for Rroposal (RFP) stage for Guzar Solar Project in Uzbekistan
26.07.2022
14389
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
When using materials reference
to www.minenergy.uz is required
© All rights reserved 2019 - 2025 REGIONAL OFFICES OF HUDUDGAZTAMINOT JSC LAUNCHED CALL CENTERS FOR CITIZENS APPEALS
  • Helplines 71-231-81-18
  • Operating mode of Helplines: from 9:00 to 18:00
  • Break: 13:00-14:00
  • ReceptionMonday - Friday
  • Call center - 1154 (for electricity)
    - 1104 (for gas supply)
Attention! If you find an error in the text, select it and press Ctrl + Enter to notify the administration