Uzbekistan and China establish a joint venture Silk Road Energy Planning and Engineering

On the occasion of the launch of this enterprise, created by JSC Uzenergoengineering in cooperation with the China Energy Power Planning and Engineering Institute (EPPEI), a presentation was held. Representatives of ministries and agencies, as well as foreign and domestic specialists, attended the event.

China Energy Power Planning and Engineering Institute (EPPEI) plays an important role in developing the energy sector, introducing renewable energy sources, and developing state strategies for digitalization. At the same time, EPPEI has positive experience in Malaysia, Brazil, the Philippines, Laos, Mongolia, and other countries.

EPPEI and JSC Uzenergoengineering established a JV Silk Road Energy Planning and Engineering to implement international best practices in Uzbekistan. This venture will assist the Government of Uzbekistan in developing world-class energy development strategies and plans that will help determine the capacity and types of energy storage devices for renewable energy sources (solar and wind), traditional energy sources (thermal and hydro) taking into account the needs of the population and the economy, the capabilities of electrical networks, natural and other resources based on international experience and local conditions. The joint venture also actively seeks to participate in the digitalization of electrical networks.

The Silk Road Energy Planning and Engineering also aims to improve the skills of domestic specialists to an international level and expand their participation in investment projects. Through this approach, the joint venture intends to reduce the cost of investment projects and strengthen Uzbekistan’s economic independence.