Chinese investors are contemplating an investment of $2 bn to construct a solar power plant in Uzbekistan's Ahangaran, the press service of the Tashkent city administration reports. During a recent visit to China, Uzbek representatives secured agreements for the construction of power plants, with the Chinese side also earmarking $20 mn for the development of a health resort in the Zangiata district.
Additionally, plans are in motion for Chinese investments in the creation of a small industrial zone and the revitalization of residential properties in Uzbekistan's Yangiyul. Chinese investors demonstrated a keen interest in various projects in Yangiyul, encompassing the establishment of a small industrial zone, renovation of ageing residential structures, development of residential neighbourhoods, and the creation of green spaces.
Earlier, Daryo reported that Uzbekistan signed a trilateral Memorandum of Understanding (MOU) with Chinese company Yupont Group on April 20. The MOU aims to facilitate the installation of solar panels across large industrial enterprises located in Tashkent. These installations, collectively generating 100 megawatts (MW) of power, signify a significant step towards enhancing renewable energy capacities in the region.
Furthermore, plans are underway to implement investment projects in the Tashkent region, with a total investment sum of $90 mn. These projects focus on diverse sectors including pharmaceuticals, metal structures, artificial fibre, and yarn production, reflecting Uzbekistan's efforts to diversify its industrial base and promote economic growth.
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