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    Uzbekistan Economics

    Chinese investments fuel plans for $2bn solar power plant in Uzbekistan’s Akhangaran

    Chinese investments fuel plans for $2bn solar power plant in Uzbekistan’s Akhangaran

    In a move towards bolstering renewable energy infrastructure, plans for the construction of a mammoth photovoltaic station in Akhangaran have been unveiled, with Chinese investments to the tune of nearly $2bn driving the project forward. The announcement was made by the press service of the Tashkent region khokimiyat (city administration), marking a milestone in Uzbekistan's renewable energy ambitions.

    Photo: Chinese investments driving $2bn solar power plant in Akhangaran
    Source: Tashkent region khokimiyat

     

    Following a delegation's return from China, where fruitful discussions took place, preliminary agreements were reached spanning various sectors, including electrical engineering, building materials production, textiles, healthcare, IT infrastructure, and ceramics manufacturing.

    In addition to the solar power plant slated for Akhangaran, ventures in other regions of Uzbekistan are also set to benefit from Chinese investments. The Zangiata region, for instance, is earmarked to host a state-of-the-art diagnostic and health center, with an estimated investment of $20mn. Furthermore, a substantial project in public catering and hospitality, valued at $25mn, is on the horizon for the region.

    Photo: Tashkent region primed for $90mn investment projects
    Source: Tashkent region khokimiyat

     

    Yangiyul, another district poised for development, is attracting attention from Chinese investors. Discussions revolve around the establishment of a small industrial zone, the revitalization of aging residential structures, the expansion of residential areas, and the creation of green spaces to enhance the region's aesthetic appeal.

    Meanwhile, the Tashkent region is primed for a slew of investment projects totaling $90mn, encompassing pharmaceutical manufacturing, metal structures production, as well as artificial fibers and threads manufacturing, contributing to the region's economic diversification and industrial growth.

    Earlier Mingyuan Silu Industry, a Chinese firm, had also committed to a project in Uzbekistan's Jizzakh region, entailing the establishment of an industrial technology park in the Zaamin district, with an investment totaling $1bn. Additionally, Mingyuan Silu Industry has unveiled further plans aimed at augmenting production capacities within Jizzakh.

    Among these plans is an initiative to increase the annual production capacity of glass and sanitary products to 8 mn square meters. The projected investment for this expansion stands at $150mn, with $35mn earmarked for investment within the current year. It is anticipated that this undertaking will create 500 employment opportunities and make substantial contributions to the local economy, with projected budget revenues reaching UZS 14bn ($1.1mn).

     

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    19.04.2024, 13:00   Comments (0)   1468
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