Uzbekistan and China discuss cooperation in energy sector

Tashkent, Uzbekistan (UzDaily.com) -- Uzbekistan and China held the fourth meeting of the Subcommittee on Energy Cooperation of the intergovernmental committee on cooperation.

The meeting was held in Tashkent on 8 September 2017. The meeting was attended by representatives of ministries and departments, large companies and firms of Uzbekistan and China.

During the meeting, the parties reviewed the current state of mutual cooperation in the energy sector, issues required for their immediate resolution and further prospects for expanding cooperation. The parties also discussed implementation of promising projects in the energy sector.

It was noted that Uzbekistan adopted a program of measures for further development of hydropower for 2017-2021, according to which it is planned to modernize 14 and construction 18 new hydroelectric stations for US$2.6 billion.

In May 2017, the State Committee of the Republic of Uzbekistan for Investments and the Ministry of Commerce of the People’s Republic of China signed an agreement on cooperation in construction of small and medium-sized hydropower plants in Uzbekistan worth US$2.7 billion.

Uzbekistan also adopted a program for further development and modernization of the coal industry for 2017-2021. The program is aimed at increasing coal production by three times via implemention of projects for US$585 million.

The parties also discussed issues related to energy efficiency and development of renewable energy sources.

In the meeting, the parties discussed the issues of attracting Chinese investments in the fuel and energy complex of Uzbekistan.

It should be noted that investment projects for US$878 million are implemented in Uzbekistan with participation of the Chinese investments within the investment programme for 2017, of which US$489 million (55.7%) are direct investments, and US$389 million loans secured by the Government (44.3%).

Following the meeting, the protocol of the fourth meeting of the Subcommittee on Cooperation in the Energy Sector of the Uzbek-Chinese Intergovernmental Cooperation Committee was signed.

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