Uzbekistan Prepares 12 Projects Worth $850 Million to Localize Energy Equipment

Uzbekistan has prepared 12 promising projects worth a total of $850 million to localize the production of energy equipment, which is currently mostly imported. The announcement was made on October 16 at an open dialogue between President Shavkat Mirziyoyev and investors in the fuel and energy sector. The projects cover high-voltage equipment, control modules for energy storage systems, and components for wind generators.

Local goods and services used in energy investment projects last year reached $740 million, and the head of state estimated this figure could be increased three to four times. As an example, China's Energy China used about 40% local products while building eight energy storage stations. The Industrial Cooperation Agency and industry associations, together with enterprises, will determine the volume and quality requirements for products needed by investors and organise their systematic supply.

The president noted that energy projects are creating high demand for copper products, and that Uzbekistan is among the world's leading copper producers. In Farish district of Jizzakh region, where a nuclear power plant will be built, a special industrial zone with tax and customs benefits will be created. Mirziyoyev invited international investors to cooperate in these projects.