Uzbekistan’s Thermal Power Plants company and American global conglomerate General Electric have signed a $60mn contract for the renewal and maintenance of power plants in the Central Asian country.
The agreement was inked at a business forum held in Washington DC.
The cooperation, according to Ilkhom Rajabov, CEO of the Uzbek company, would allow Uzbekistan to introduce advanced efficient technologies into its energy sector.
The parties to the deal also agreed to organise professional development paths for young employees of Thermal Power Plants. They will be engaged in repair and commissioning works with the assistance of American specialists.
bne IntelliNews lately reported on a deal reached between Uzbekistan’s Classica Shoes and American company YNK for the production and export of school shoes to the US.
On September 19, US President Joe Biden met the five presidents of Central Asia in New York for the inaugural “C5+1” gathering, seen by diplomats as a highly important occasion given the renewed rivalry among the West, Russia and China for influence in Central Asia.
Related Articles
INTERVIEW: Biomethane can make up Ukraine’s gas shortfall - Ukraine Bioenergy Association
Ukraine is rapidly developing its biomethane sector with ambitions to become a major European supplier. Georgii Geletukha, head of the board at the Bioenergy Association of Ukraine, told bne ... more
Poland’s Orlen signs deal to supply Ukraine with LNG
Ukraine’s Naftogaz will purchase 100mn cubic metres of LNG from Poland’s Orlen, Ukraine’s biggest state-owned energy firm announced on March 7. The LNG will be transported from cargoes ... more
OPEC+ continues with production plan despite Trump’s demands
OPEC+ has decided to continue with its current oil production plans after a review meeting on February 2 despite calls from US President Donald Trump to lower crude prices. According to a ... more
Most Read
-
Armenia courts African countries to supply diamond industry
20 days ago
-
Russia’s Alrosa finds its largest diamond ever, as Mirny mining operations restart
3 days ago
-
COMMENT: Embracing “Greater Central Asia” has become a strategic imperative for US
14 days ago
-
From blood diamonds to critical minerals: Sierra Leone’s mining transformation
20 days ago