Browsing: Privatization

British Ambassador Timothy Smart is departing Tashkent after three years, leaving behind a bilateral trade relationship that expanded nearly eightfold, a new international commercial court in the works, and deepened security ties — with a high-level Uzbek delegation to London still to come.

Uzbekistan’s Deputy Minister of Investments, Industry and Trade Shohrukh Gulyamov held a series of bilateral meetings with major UAE companies in Abu Dhabi, advancing project frameworks for water treatment in New Tashkent, logistics digitalisation, gas transportation financing and urban development.

President Shavkat Mirziyoyev has announced the creation of an Investors’ Council for the fuel and energy sector, appointing Saida Mirziyoyeva, head of the Presidential Administration, to lead the body. The council is designed to resolve persistent administrative bottlenecks — from land allocation to grid connections — that have slowed major energy infrastructure projects.

Six energy agreements worth US$4.7 billion were signed at an investor dialogue chaired by President Mirziyoyev, adding 3,000 MW of generation and 400 MW of storage capacity. A new Investors’ Council will be chaired by Presidential Administration head Saida Mirziyoyeva, while tenders for a further 2,200 MW of solar and wind capacity are imminent.

The State Assets Management Agency has confirmed the cancellation of oil-field licenses held by Sanoat Energetika Guruhi and the termination of the $100 million Fergana Oil Refinery sale, as the company’s financial collapse leaves nearly 39,000 workers owed $131 million in wages.

Six major energy projects worth $4.7 billion were signed at a meeting chaired by President Shavkat Mirziyoyev, who also ordered the preparation of the country’s first National Energy Master Plan through 2050 and announced a new Investors Council to cut bureaucratic delays.

A protocol from an extraordinary general meeting of UzPost shareholders has confirmed that the national postal operator’s 92.9% state stake was transferred to a Wildberries subsidiary under trust management — a fact the head of the State Assets Management Agency publicly denied as recently as October 8.

Aksa Enerji’s chairman announced plans to sign grid management agreements for three additional regions within a week, following a meeting with President Mirziyoyev on October 16. The move extends a public-private partnership model first applied in Samarkand, where the Turkish firm committed to investing $1 billion over 30 years.

President Shavkat Mirziyoyev has announced the preparation of 128 new oil and gas investment blocks carrying estimated reserves of 5.8 trillion cubic metres of gas and 560 million tonnes of liquid hydrocarbons, while setting a deadline of end-2027 for transferring the country’s entire propane supply network to private operators.

President Shavkat Mirziyoyev has announced that private operators will be invited to manage electricity distribution networks in the Jizzakh and Tashkent regions, scaling up a model piloted in Samarkand where Turkish company Aksa Enerji holds a 30-year management contract requiring at least $350 million in investment over its first decade.