Uzbekistan plans to attract $2 billion to the electrical industry

Reportedly, Shavkat Mirziyoyev held a meeting on December 18 on the production and export of products with high added value.

At the meeting, among others, the topic of development of the chemical industry was touched upon. The President noted the presence in Uzbekistan of an “almost complete” range of raw materials necessary for its development.

The need to develop existing potential was emphasized. The industry plans to implement projects with a total value of $3 billion over the next years.

The head of state also highlighted the production of electrical products as a priority area. Growing demand and the availability of necessary materials create the opportunity to launch new investment projects worth $2 billion.

Thus, solar and wind power plants with a total capacity of 27 GW are currently being built across the country, of which 5 GW are ACWA Power projects. To ensure their operation, cable products worth about $500 million are required.

To cover demand, it is planned to launch five production facilities in the Akhangaran industrial zone, the amount of investment in which will be $120 million. Among other things, the production of 25 thousand tons of copper cable and 1.5 thousand transformers per year will be established here.

In addition, an electrical technology park will also be built in Bukhara for $120 million. It was also instructed to localize the production of household appliances and invest $25 million in the project.