VEB.RF may finance modernization of HPP cascades in Uzbekistan

On September 17, negotiations were held between the Minister of Energy of Uzbekistan Alisher Sultanov and the Chairman of State Development Corporation VEB.RF Igor Shuvalov, the ministerial press service reported.

Photo: RIA Novosti

During the negotiations, the parties discussed promising projects for expanding cooperation in the fuel and energy sector, as well as in the field of oil and gas industry.

These include new projects worth €78.4 million on modernizing the existing HPPs – Chirchik, Kadyrinskaya, Urta-Chirchik and Tashkent HPP cascades.

Attracting funds from VEB.RF for the implementation of the “Program to increase the production of hydrocarbon raw materials” was discussed at the meeting.

The sides also considered the project on the introduction of automated control and accounting system for natural gas use in the Republic of Uzbekistan.

Following the talks, an agreement was reached on the development of the submitted proposals at the expert level.

#HPP #Alisher Sultanov #VEB.RF #Igor Shuvalov