BAKU, Azerbaijan, June 17. Uzbek Energy
Minister met with Regional Director for Eurasia at the European
Bank for Reconstruction and Development (EBRD) to discuss $2
billion energy portfolio.
This was reflected in the statement by the Ministry of Energy of
Uzbekistan, following the meeting between Uzbek Energy Minister
Jurabek Mirzamakhmudov with Sula Kılıç, Regional Director for
Eurasia at the European Bank for Reconstruction and Development
(EBRD).
The meeting took place on the sidelines of the fifth Tashkent
International Investment Forum.
Officials noted that the EBRD’s energy portfolio in Uzbekistan
has reached nearly $2 billion, underscoring the bank’s view of
Uzbekistan as a key strategic partner in Central Asia.
The EBRD’s $2 billion portfolio highlights the growing scale of
international financing in Uzbekistan’s energy sector, particularly
in renewable energy and infrastructure modernization. It also
reflects sustained investor confidence in the country’s reform
agenda.
"The parties discussed the current status of ongoing projects in
the energy sector, mechanisms for promptly resolving existing
issues, and opportunities to increase the share of local content in
each project." the statement said.
At the conclusion of the talks, the parties agreed to take
further steps to accelerate projects focused on renewable energy
development, modernization of main power transmission networks and
electrification of compressor stations.
The emphasis on increasing local content reflects Uzbekistan’s
broader industrial policy aimed at developing domestic supply
chains and ensuring that large-scale energy projects generate
greater economic spillovers within the country.
