Issues of Uzbek-Korean cooperation in the fuel and energy sector discussed
08/11/2019 15:40
Issues of Uzbek-Korean cooperation in the fuel and energy sector discussed
08/11/2019 15:40
Tashkent, Uzbekistan (UzDaily.com) -- At the Ministry of Energy of Uzbekistan, on 7 November, a meeting was held with the Ambassador of the Republic of Korea to the Republic of Uzbekistan, Kang Jae Kwon.
During the negotiations, issues of bilateral cooperation with Korean companies, mutually beneficial promising projects in the energy and oil and gas industries, as well as the current state of implementation of large projects were discussed. In particular, cooperation with KOGAS and Lotte in the framework of the joint venture LLC UZ Kor Gas Chemical.
The Ambassador of the Republic of Korea was provided with information on reforms carried out in the energy sector, including the adopted law “On the use of renewable energy sources” (No. ЗРУ-539 dated May 21, 2019) and the decree of the President of the Republic of Uzbekistan “On accelerated measures to increase energy efficiency in economic and social sectors, the introduction of energy-saving technologies and the development of renewable energy sources” (No. PP- 4422 dated August 22, 2019).
The meeting noted the prospect of the broad participation of Korean companies in energy projects, including through PPPs (Public-Private Partnerships).
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