Uzbekistan’s parliamentary elections on October 27 have drawn global scrutiny, with observers predicting the vote will reinforce President Shavkat Mirziyoyev’s dominance. While recent constitutional amendments introduced a mixed electoral system, critics argue this reform has done little to loosen Mirziyoyev’s hold over Uzbekistan’s government, as registered political parties largely align with his policies. The election […]
Uzbekistan has launched an ambitious $1.3 billion project to build waste-to-energy facilities across the country, signaling a major step towards enhancing its renewable energy capacity and addressing waste management issues. The initiative, backed by global industry leaders such as China’s CAMC Engineering, Shanghai SUS Environment, UAE’s Tadweer Group, and South Korea’s Sejin, aims to convert […]
ACWA Power, a Saudi-listed leader in water desalination and energy transition, and a pioneer in green hydrogen, has announced the successful completion of the financial arrangements for the Tashkent Riverside project in Uzbekistan. This major initiative, valued at USD 533 million, includes the development of a 200MW solar photovoltaic (PV) plant and the largest battery […]
In a shocking turn of events early this morning, reports of a plane crash in the rugged terrain of Afghanistan have captured global headlines, stirring confusion and concern. Initially believed to be a passenger plane flying from Delhi to Moscow, the Indian government swiftly clarified the situation, revealing that the crashed aircraft was, in fact, […]
Saudi-listed ACWA Power, renowned as the world’s largest private water desalination company and a leader in energy transition, has initiated the first phase of a groundbreaking 3,000 tonne-per-year green hydrogen project in Uzbekistan. Historic Inauguration Event with Global Leaders The project’s inauguration was led by Shavkat Mirziyoyev, President of Uzbekistan, and His Excellency Khalid Al […]
Uzum, the largest ecosystem of digital services in Uzbekistan, and Click, a prominent payments company in the country, have revealed plans for a prospective merger. The agreement, subject to deal closing procedures, would result in Click’s shareholders obtaining a minority shareholding in Uzum’s parent company and securing representation on the board of directors. While Click’s […]
ACWA Power has entered into power purchase agreements (PPAs) and investment agreements (IAs) pertaining to the 1.5GW Kungrad wind farm with the Republic of Uzbekistan. Under the agreement, the Saudi Arabia-based power and water utility firm will develop the wind farm in the Kungrad district in the Republic of Karakalpakstan as part of the country’s […]
Xinjiang Goldwind Science & Technology (Goldwind) has received a contract from Masdar, Abu Dhabi Future Energy Company to supply turbines for the 500MW Zarafshan wind farm in Uzbekistan. Under the contract, the Chinese wind turbine manufacturer will deliver 111 units of GW155-4.5MW wind turbines for the Zarafshan wind project. Located in the Navoi region in […]
Dr. Reddy’s Laboratories has agreed to divest anti-bacterial medicines under the Ciprolet and Levolet brands in Russia, Uzbekistan, and Belarus to Binnopharm Group, a Sistema Group company. The financial terms of the deal were not disclosed. The portfolio included in the deal has various dosage types such as tablets, solution for infusions, as well as […]
Masdar, an Abu Dhabi-based renewable energy company, has inaugurated the 100MW Nur Navoi Solar Project in Uzbekistan in the presence of the country’s President Shavkat Mirziyoyev. In late 2019, the subsidiary of Mubadala Investment Company had inked a power purchase agreement (PPA) and government support agreement (GSA) with the Uzbekistan government to design, finance, construct […]