Energy Ministry of Uzbekistan has 19 inked an Investment Agreement for the construction of a new thermal power plant (TPP) in the Surkhandarya region and a Power Purchase Agreement with the Dutch company Stone City Energy. The $1.2-billion, 1,560MW TPP is set to be commissioned at the end of 2024. Stone City is to design,…
Uzbek President Shavkat Mirziyoyev on April 19 announced the planned transformation of Uzbekistan Airways and Uzbekistan Airports in a bid to improve the effectiveness of these companies. New measures aim at reducing the expenses of Uzbekistan Airways by $46.5 million. The staff of the company and its structural organizations are set to be optimized, a…
Siemens AG and Stone City (the Netherlands) are planning to modernize four thermal power plants in Tashkent, the German conglomerate has 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…
The volume of international cross-border money transfers to Uzbekistan in January-March amounted to about $1.42 billion. Compared to the same period last year, this figure increased by $336 million, or by 31%, according to the Central Bank. The volume of foreign currency funds sent abroad hit $353 million. Compared to the figures for January-March last…
The volume of gross gold and foreign exchange reserves of Uzbekistan as of April 1 stood at $32.6 billion, having decreased by $589.1 million over the month. Since the beginning of the year, the indicator has dipped by $2.2 billion, according to the data from the Central Bank. Net foreign exchange reserves (the difference between…
The Uzbek capital Tashkent is planning to implement nearly 1,400 investment projects worth $10.7 billion until 2024. Until the end of this year, the government intends to raise $4.1 billion worth of investments. Some 130 projects worth $171 million are to be commissioned in the first quarter. Nearly 847 projects worth over $2.8 billion scheduled…
Samarkand air harbor is about to become a major tourist hub. The entire airport is soon to receive a program which is expected to systematize the most complex system of the commissioning of a new terminal. The project company Air Marakanda, together with specialists from Munich International Airport (Germany) and Istanbul International Airport (Turkey), is…