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The ceremony of launching the construction of a new thermal power plant in Surkhandarya region took place within the framework of the Tashkent International Investment Forum

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The ceremony of launching the construction of a new thermal power plant in Surkhandarya region took place within the framework of the Tashkent International Investment Forum

Today, the ceremony of launching the construction of a new thermal power plant in Surkhandarya region’s Angor district took place within the framework of the Tashkent International Investment Forum, reports “Dunyo” IA correspondent.

According to the press service of the President of Uzbekistan, President Shavkat Mirziyoyev focused on the economic efficiency of the future plant.

The total cost of the project is $1.2 billion. The 1,560-megawatt plant will generate 12 billion kilowatt-hours of electricity per year. The latest technologies will save 1 billion cubic meters of natural gas per year.

This will become the first thermal power plant in Surkhandarya and the largest thermal power plant built in the country in recent years. This will create great opportunities for realizing the huge economic potential of the region.

For example, in Surkhandarya region there are over 100 deposits of oil, gas, coal, precious and non-ferrous metals, many types of decorative stones that have not yet been developed. Therefore, in the next five years, it is planned to implement more than 5 thousand investment projects worth $7 billion in the region.

The electricity generated by the station will also provide electricity to 500 thousand households in Surkhandarya region. In addition, it will be possible to export at least 3 billion kilowatt-hours of electricity per year to neighboring Afghanistan.

The project is being implemented as part of a public-private partnership between German Siemens Energy, French IDEF and Dutch Stone City Energy. The Head of the state focused on this, noting that there are wide opportunities for private capital participation in the industry.

“In recent years, we have implemented serious reforms in the energy sector and are completely transforming the industry. For the first time in history, ample opportunities have been created for private sector participation in electricity production. Over the past three years, 5 power plants with a total capacity of more than 1 thousand megawatts have been put into operation based on the public-private partnership. The volume of attracted foreign investments exceeded $1 billion”, Shavkat Mirziyoyev said.

Currently, 19 power plants with a capacity of 9 thousand megawatts are being built in the country. Their total value is more than $10 billion.

The Head of the state thanked the heads of international financial institutions and companies who took part in the event and confirmed that Uzbekistan fully supports projects with foreign investments.

President/CEO at Siemens Energy Christian Bruch, Executive Director of IDEF Béatrice Buffon highly appreciated the progress of modernization of the energy system of Uzbekistan with the use of modern technologies. They expressed support for the reforms implemented under the leadership of President Shavkat Mirziyoyev, as well as readiness for high-quality implementation of projects.

Then the Head of the state, pressing a symbolic button together with investors, launched the construction of the thermal power plant.

The commissioning of the station is scheduled for the end of 2024.

“Dunyo” IA