Chairman of the Board of JSC Uzbekhydroenergo Abdugani Sanginov recently met with representatives of the Chinese delegation, which consists of investors and businesspeople.

It was noted that the main purpose of the delegation’s visit is to invest in the energy and mining industries, open shopping centers, and explore other sectors.

At the meeting, Abdugani Sanginov informed Chinese investors about the priority tasks defined in the Resolution of the President of the Republic of Uzbekistan of July 12, 2024, “On accelerating measures to reform the hydropower sector”.

A five-year program for developing the hydropower industry in Uzbekistan has been approved. Within the framework of this program, by 2028, it is planned to build hydroelectric power plants and pumped storage power plants with a total capacity of 3.3 GW. The current capacity will be increased from 2.2 to 5.5 GW, and the annual electricity production will be 15.7 billion kWh. Almost 6.5 billion dollars of investments will be directed to the implementation of these projects.

The Chairman of the Board proposed jointly implementing investment projects in hydroelectric power plants and pumped storage power plants, which are included in the list of investment projects in hydropower with the participation of private investors and approved within the framework of the program.

In particular, presentations were held on the Karateren and Aydarkul pumped storage power plants, the Korongitugay, Oygain cascade of hydroelectric power plants, the Kishtut and Mizot hydroelectric power plants with a total capacity of 1.3 GW and a cost of 1.8 billion dollars.

Chinese investors have long been interested in investing in Uzbekistan. The guests highly appreciated the reforms carried out in hydropower.

Following the conversation, an agreement was reached on the implementation of the Karateren pumped storage power plant projects with a capacity of 500 MW, the Kishtut and Mizot hydroelectric power plants with a total capacity of 45 MW, as well as micro-hydroelectric power plants based on public-private partnership. Investors were presented with primary design documentation for these projects. 

The parties also agreed to sign an agreement on joint implementation of projects in October this year.

N. Ziyodullayeva, UzA