At the meeting, new promising areas were discussed, as well as projects implemented in Uzbekistan in cooperation with JBIC.

 

Within the framework of the 32nd annual meeting of the Board of Governors of the European Bank for Reconstruction and Development, an agreement was reached on financing projects to improve the electric power system in Uzbekistan. In particular, JBIC will provide a loan of $400 million for the construction of a new thermal power plant in the Syrdarya region.

 

Hayashi Nobimitsu: “We have been cooperating with Uzbekistan for several years in various fields. This time, within the framework of cooperation, we are financing a project for the construction of a thermal power plant. During the discussions, it becomes obvious that an important issue is not only the generation of electricity, but also its full delivery to the population. In Japan, there are companies with sufficient experience in this area. By involving them, these problems can be solved,” said Hayashi Nobumitsu.

 

At the meeting, proposals were presented on the prospects for developing cooperation with the Japanese Bank for International Cooperation in a number of areas, in particular, on the introduction of modern technologies in energy, industry, irrigation, and agriculture.