South Korea will rebuild 5 hydroelectric power plants of Uzbekistan
| According to the agreement between Uzbekistan and South Korea, one of the country's specialist companies in the field of energy will rebuild power plants in the provinces of "Tashkend" and "Samarkand". |
According to Fars news agency correspondent in Tashkent, South Korea Tae-Chang NET Co., Ltd plans to build power blocks of 5 power plants in “Tashkend” and “Samarkand” provinces with a total capacity of about 30 to rebuild MW.
In a recent meeting at the Embassy of Uzbekistan in Seoul, Ji Yingho, President of Tae-Chang NET Co. Ltd announced that they are investigating the current state of hydropower plants in cooperation with Uzbek Hydroenergy. As a result of the negotiations in September 2023, the parties signed a memorandum of understanding according to which the South Korean company has started a feasibility study for the reconstruction of 5 hydropower plants.
South Korean experts They visited Uzbekistan in October and December 2023 to determine the main parameters of the project and examine the issues of complete replacement of power blocks to improve efficiency and ensure uninterrupted operation of hydropower plants. It is also planned to hold special training courses to upgrade the skills of Uzbekistan’s electricians and engineers. Korea International Cooperation Agency (KOICA) financial aid account announced. The preparation of the plan to go through the official application process has started with the cooperation of “UzbekHydroenergo” company.
The next trip of the South Korean delegation to Uzbekistan for periodical negotiations at “UzbekHydroenergo” company is in February 2024. It will be done.
South Korea is currently one of the biggest investors in Uzbekistan. Trade exchange between Uzbekistan and South Korea in the 7th month of 2023 has reached the level of one billion and 200 million dollars.
So far, South Korea has invested more than 10 billion dollars in Uzbekistan’s economy.
Currently, Uzbekistan has 930 factories with the participation of South Korean investors, including 380 joint ventures and 500 companies with 100% capital of South Korean investors in the fields of machine building, trade, Chemical, food, metallurgical, pharmaceutical, tourism, oil and gas and services industries operate. South Korea recognized the country’s independence on December 30, 1991, and on January 29 He established political relations with Uzbekistan in 1992.
| publisher | Fars News |
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