BAKU, Azerbaijan, June 20. Uzbekneftegaz and
AKA Bank held talks on financing renewable energy initiatives, with
a particular focus on solar power projects.
This was reflected in the statement by the Uzbekneftgaz,
following the meeting between the First Deputy Chairman of
Uzbekneftegaz and the management of AKA Bank to explore funding
mechanisms for the development of solar power plants across the
country.
"During the discussion, the possibilities of direct financing
for the implementation of solar power plant projects were
considered," Uzbekneftgaz said.
Discussions centered on opportunities for direct financing of
solar energy projects, the use of international financial
instruments, and potential cooperation with manufacturers supplying
modern solar panels and related equipment.
At the conclusion of the meeting, AKA Bank agreed to prepare
preliminary financing proposals for the projects and provide a list
of manufacturers that could participate under existing financing
programs.
Both sides reaffirmed their commitment to expanding cooperation
and jointly advancing promising renewable energy projects,
underscoring Uzbekistan’s broader efforts to increase the share of
clean energy in its power mix.
