Aksa Enerji to manage electricity grids in Tashkent, Syrdarya and Jizzakh regions

According to Spot, President Shavkat Mirziyoyev held a series of meetings on October 16 with members of the Investors Council in the fuel and energy sector. In one meeting, he discussed expanding cooperation in Uzbekistan with Cemil Kazancı, chairman of the board of directors of Turkey's Aksa Enerji. The sides agreed to accelerate work on specific projects.

In an interview with the channel O'zbekiston 24, Kazancı said the group plans to invest in distribution grids to reduce energy losses, lower costs and improve efficiency. Projects in the Tashkent, Syrdarya and Jizzakh regions were discussed at the meeting. Aksa Enerji plans to sign agreements on these projects within the next week, in order to extend its grid management work begun in the Samarkand region.

Aksa Enerji has already built four power plants in Uzbekistan worth $750 million in total. The Samarkand electricity grid has been transferred to it for management for 30 years under a public-private partnership model, and the company plans to invest $1 billion in modernising the infrastructure. A private partner must invest at least $350 million over the first 10 years and at least $27 million in the first two years. The grids will remain state-owned.