The key facts

  • With Turkey's Cengiz Holding, projects for the construction of thermal power plants and modernization of distribution power grids were considered
  • With Saudi ACWA, the acceleration of joint projects was discussed at the first meeting of the Investor Council in the fuel and energy sector
  • Growth in trade turnover between Uzbekistan and Turkey was noted

Meetings within the Investor Council in the Fuel and Energy Sector

The press service of the President of Uzbekistan reported on a meeting between Shavkat Mirziyoyev and the chairman of the board of Turkey's Cengiz Holding, Mehmet Cengiz. The parties considered promising projects for the construction of thermal power plants and modernization of distribution power grids, and also discussed expanding cooperation in energy, geology, and infrastructure. Mirziyoyev noted the growth in trade turnover between Uzbekistan and Turkey and the successful implementation of major investment projects.

Talks with ACWA

Within the framework of the first meeting of the Investor Council in the fuel and energy sector, the president also received a delegation led by the chairman of the board of the Saudi company ACWA, Muhammad Abunayyan. The parties discussed expanding practical cooperation and accelerating the implementation of priority joint projects. According to the press service, Saudi companies are showing growing interest in the Uzbek market, where major projects are already being implemented in renewable energy, infrastructure, high technologies, and healthcare. The parties confirmed their readiness to fulfill the reached agreements in a timely and high-quality manner.

Context

Earlier, Spot reported that Uzbekistan will receive a $200 million loan from the Asian Development Bank for the modernization of power grids.