President of Uzbekistan supports strengthening technological and investment collaboration with China

As part of the Tashkent International Investment Forum, the President of the Republic of Uzbekistan Shavkat Mirziyoyev met with a delegation of leading Chinese companies and financial institutions, led by Wang Hongzhi, Director of the National Energy Administration of China.

The meeting was attended by executives from China Energy Engineering Corporation, China Datang, Sinoma Energy Conservation, China Southern Power Grid, CAMCE, CNNC, State Nuclear Uranium Resource Development, as well as the Export-Import Bank of China and Bank of China.

The discussion covered challenges in promoting mutually beneficial high-tech projects in energy and geology, as well as expanding practical partnership in the banking and financial sectors.

The Head of State noted with deep satisfaction the strong momentum of cooperation between Uzbekistan and China across the trade, economic, and investment spheres.

Since the beginning of the year, trade turnover has surpassed $6 billion, with over $8 billion in direct Chinese investments used. Nearly 6,000 joint ventures are actively operating within the country.

Particular attention was paid to promoting green energy projects. With the participation of the aforementioned Chinese companies, solar and wind power plants, as well as energy storage systems, are being built in Uzbekistan.

Plans to accelerate these projects and launch new initiatives were supported, including expanding photovoltaic plant capacity, introducing agrivoltaics, and constructing power transmission lines.

Particular attention was paid to cooperation in energy generation based on waste processing and to the development of modern technological solutions, including the creation of modern data centers.

Views were exchanged on prospects for cooperation in the mining and geology sectors. This includes joint exploration and development of deposits, as well as the establishment of a long-term partnership for the supply of critical raw materials.

A separate part of the discussions focused on enhancing financial cooperation with leading Chinese banks. Issues related to financing infrastructure projects, modernizing irrigation, building high-speed roads and hydroelectric plants, supplying agricultural machinery, and supporting small and medium-sized enterprises were discussed.

The meeting participants expressed their gratitude to the President of Uzbekistan for the proactive dialogue and reaffirmed their commitment to fully implementing the agreements made.