President Mirziyoyev Addresses Launch of Major Green Energy Projects

Address by the President of the Republic of Uzbekistan Shavkat Mirziyoyev at the Lanching Ceremony of Major Joint Projects in the Field of Green Energy:

Distinguished participants of the solemn ceremony!

Ladies and gentlemen!

At the outset, I am happy to see you all on the eve of New Year at the solemn ceremony dedicated to the launch of major joint projects in the field of ‘green’ energy, which is a landmark event in the life of New Uzbekistan.

You are well aware that five years ago we set enormous goals and objectives to ourselves on increasing renewable energy sources and started practical work.

We started reforming this sector by conducting consultations with leading experts from the World Bank, Asian Development Bank, Asian Infrastructure Investment Bank, and the European Bank for Reconstruction and Development.

By amending and adopting a number of new legislative documents, we have created a solid legal framework in the energy sector based on market principles.

In this area, we have abandoned administrative-command mechanisms and monopoly, and implemented an open, transparent, modern management system. We have created conducive opportunities for the access of the private sector and foreign companies.

We have established a Ministry of Energy, along with structural divisions in charge and responsible for specific area.

Having hired international consultants and consulting companies, for two years we thoroughly studied the possibilities for developing solar, wind and hydropower energy in our country and mapped the most promising areas.

As a result, the interest and trust of foreign investors in our country increased dramatically.

For the first time-ever, two solar stations in Karmana and Nurabad districts have been commissioned under 100 percent foreign direct investment project, and so far, one billion kilowatt hours of ‘green’ energy has been produced.

Today, we are standing at an important event, which opens yet another bright page in the history of our country: six large solar and wind plants with a total capacity of 2,400 megawatts are to be connected to the grid.

The first phase of the three solar power plants has been built in Jizzakh, Samarkand and Surkhandarya regions by the UAE-based company Masdar, a close friend and partner of Uzbekistan.

In addition, this established and highly respected company is building a modern wind power station in the Tomdi district. Today, its 100 megawatt capacity will also be commissioned.

Gezhouba Group launches the generation of first 400 megawatts at solar power plants in Bukhara and Kashkadarya.

Remarkably, all of these projects have been implemented on a PPI basis through foreign direct investments.

Once commissioned, these projects worth 2 billion US dollars, will generate 6 billion kilowatt/hour electricity and save up to 2 billion cubic meters of natural gas.

Two million homes will be provided with uninterrupted and guaranteed electric energy.

Industry and services sectors will create added value worth 4 billion USD.

It gives me particular pleasure to point out that the projects involving China - our strategic and large trade partner have been completed in an astonishingly short period of 9 months, which has never been witnessed in our practice.

Despite global problems with production chains and logistics, we have managed to effectively work with companies such as Goldwind, Sungrow, Jolliwood, Lonji.

Taking this opportunity, on behalf of our nation, I would like to express sincere gratitude to: Mr. Mohamed Al Ramahi, Chairman, Masdar Company, Mr. Wu Yun, Vice-President, China Energy, and Mr. Lin Xiaodan, Chairman, Gezhouba Group, CEOs of Dong Fang, SMAC, SEPCO and other companies, who actively participated in these projects, as well, to leading international financial institutions, all foreign and local specialists, who have made a commendable contribution to the projects.

Undoubtedly, we will further expand our fruitful cooperation with you in the future for transforming ambitious initiatives into specific projects.

We will create all the necessary conditions and preferences to foreign investors to implement such priority projects.

Taking this opportunity, I sincerely congratulate all of you on the upcoming New Year 2024.

I wish you all sound health, family happiness, and every success in all your noble endeavors.

May the New Year be full of joy and jubilant moments.

Thank you for your attention!