Uzbekistan's state-owned company "Uzbekhydroenergo" has entered into a memorandum of understanding (MoU) with China Southern Power Grid International (HK) Co., Ltd. to effectively utilize the country's water potential and ensure continuous electricity production in the face of electricity shortages.
The MoU was signed by Abdugani Sanginov, Chairman of the Board of "Uzbekgidroenergo," and Zhan Tanji, Chairman of the Board of China Southern Power Grid International.
China Southern Power Grid International (HK) Co., Ltd. is a renowned company with extensive experience in constructing hydroelectric power stations and ranks 89th in the international Fortune Global 500 ranking. The company has successfully built large-scale hydroelectric power stations, including the "Uch Dara," and participated in various hydroelectric projects.
The MoU outlines the establishment of three hydroelectric projects in Uzbekistan, with a combined capacity of 820 MW and a total cost of $1.64bn. The projects, namely Yuqori Pskem GTES (200 MW), Karateren GTES (500 MW), and Upper Pskem HPP (120 MW), will be developed through public-private partnerships and foreign investments. The agreement also involves the formation of a joint working group between Uzbek and Chinese companies, which will collaborate on the technical and economic aspects of the projects, including the involvement of international experts.
Upon their completion by 2030, these projects are expected to generate over 3bn kWh of electricity annually, resulting in significant gas savings and a reduction in harmful greenhouse gas emissions. The operation of the hydroelectric facilities will create more than 500 job opportunities and provide uninterrupted electricity to over 1.6mn people, particularly benefiting the residents of Karakalpakstan and remote areas of the region.
These ambitious projects will help address electricity supply issues, especially during peak consumption periods, and contribute to meeting the growing energy demands of Uzbekistan's expanding population. Moreover, they will enhance the country's hydroelectric potential, significantly increase clean and affordable electricity production, and play a vital role in mitigating power outages in both cold and hot seasons.
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