NEWS: Uzbekistan to implement projects for US$3.2bn in energy sphere .
13 April 2015
- State joint stock company Uzbekenergo will implement 13 investment projects for over US$3.2 billion in 2015-2019.
The projects will be implemented within the programme on ensuring structural reforms, modernization and diversification of production for 2015-2019.
The program was approved with the decree of the President of Uzbekistan Islam Karimov from 4 March 2015.
In particular, the company will realize projects on modernization of existing and creation of modern capacities based on energy saving technologies and use of solar energy.
The projects will be financed due to foreign investment and loans for US$1.8 billion, loan of the Fund for Reconstruction and Development of Uzbekistan – US$895 million and own resources of Uzbekenergo – US$504.5 million.
It is worth to mention that Uzbekenergo is planning to complete construction of solar power station with the capacity of 100 megawatt in Samarkand region. The cost of the project is US$275.8 million.
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UzDaily.