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economic development of Uzbekistan

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The Ministry of Energy intends to engage the Saudi energy company ACWA Power for the construction of a 500 MW wind farm in the Navoi province, the ministry said in a statement.
Minister of Energy Alisher Sultanov and Chairman of the Board of ACWA Power, Mohammad Abdullah Abunayyan on Friday in Tashkent discussed the prospects for implementing joint projects in Uzbekistan.
ACWA Power is expected to sign an agreement with the Uzbek authorities on the construction of a wind farm under the public-private partnership (PPP) terms.
Currently, work is underway to determine the potential site for the future wind farm, which is scheduled to be completed in 2022.
in January, the Uzbek Ministry of Investment and Foreign Trade and the UAE’s Masdar signed agreement for a 400 MW wind power plant in the Navoi province under PPP terms. The volume of investment in construction is estimated at US$ 600 million. It is also planned to put the facility into operation in 2022.
 

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The Ministry of Investment and Foreign Trade and Masdar (UAE) signed an agreement for a 400 MW wind farm project in Navoi province.
Under the agreement terms, Masdar will design, finance, build and operate a wind farm, with the amount of investment estimated at US$ 600 million. Work is scheduled to begin in the third quarter of 2020 with the commissioning due in 2022.
In November 2019, the company entered into an agreement on the construction of a 100 MW PV plant in Navoi province. Masdar was announced the winner as a private sector bidder for Uzbekistan’s first ever competitively tendered solar power public-private partnership (PPPs).
Masdar is a subsidiary of Abu Dhabi’s Mubadala Investment Company and one of the world’s leading international renewable energy development and investment companies. The power generating capacity of the renewable energy projects in which Masdar is a partner exceeds 5GW, representing a combined investment of approximately US$13.5 billion
 

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Uzbekneftegaz and the Azerbaijani state oil company SOCAR are planning to set up a trader JV to supply hydrocarbons from Uzbekistan to Europe, Uzbekneftegaz said.
On November 20, a meeting with representatives of SOCAR, SOCAR Trading and Chemtrade was held at Uzbekneftegaz. The parties reached a cooperation agreement during a visit of the Uzbekneftegaz senior executives to Baku in October.
The JV will become a new area for Uzbekneftegaz, which will make possible the exports to the markets of Europe, and other countries to where Uzbekistan has no direct transport corridors.
Uzbekneftegaz produces 70 BCM of natural gas and 8 metric tons of liquid hydrocarbons a year, with over 15 BCM exported to China, Russia and the Central Asia countries, as well as about 100 thousand tons of oil products to neighboring countries.
In May, Uzbekneftegaz, SOCAR and BP Exploration (Caspian Sea) signed an agreement on geological exploration in the Uzbek part of the Aral Sea, Sam-Kosbulak and Baiterek investment blocks of the Ustyurt region.
 

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