Foreign investors outline energy plans in Uzbekistan

Foreign investors have announced plans to develop Uzbekistan's energy and infrastructure, reporting funds already invested and new projects. The statements were made on 16 October at an open dialogue between President Shavkat Mirziyoyev and fuel and energy sector representatives. Mirziyoyev said $35 billion in foreign investment has been attracted to the energy sector in recent years. Investors come from more than ten countries.

Acwa chairman Mohammed Abunayyan said an agreement was signed for a project in Karakalpakstan providing round-the-clock capacity of 1 GW, valued at about $2 billion. Masdar CEO Mohammed Jamil Al Ramahi said the UAE company, active in Uzbekistan since 2019, has invested over $2 billion and built more than 2 GW of renewable projects. It plans to create another 2 GW of renewable capacity.

China Energy International said its projects in the country exceed $6 billion over five years. Cengiz Holding chairman Mehmet Cengiz reported investments above $900 million and a planned power plant in Jizzakh region by the end of 2026. Vision Invest said it is involved in building a new Tashkent airport. Mirziyoyev said the new international airport will be the country's first “green” airport.