The Uzbek Hydropower Energy Joint Stock Company has launched the first batch of hydropower bidding procedures on the basis of PPP, including five hydroelectric power plants with a total installed capacity of about 46.6MW. Uzbek Hydropower Energy Joint-Stock Company seeks a private developer or consortium to develop, finance, build, own and operate the project during the concession period.

At present, the tender is still in the eligibility application phase, and applicants have until September 12, 2023 to provide clarifications or request additional information according to the clarification template of the eligibility application document, and until October 14, 2023 to submit a complete declaration of eligibility document.

Since the beginning of this year, Uzbekistan has continued to carry out a number of economic reforms. In terms of privatization, the government plans to sell the equity and real estate of more than 1,000 state-owned enterprises and sell the shares of 40 state-owned enterprises and banks to the public, and the relevant privatization operations are expected to provide about 13 trillion som for the government's fiscal revenue; On the supply side, reduce production and transportation costs by seeking new markets and establishing new transportation channels, and strengthen investment, export and international cooperation; In terms of energy, at the beginning of the year, President Mirziyoyev held a meeting to improve energy supply, from increasing energy supply, fair and effective distribution of resources, systematic delivery of energy to the local and quickly solve the energy crisis in four aspects to solve the problem of energy supply shortage caused by the unusually low temperature weather in January this year.

According to the World Bank, Uzbekistan will have the highest economic growth rate in Eurasia in 2023, with GDP expected to increase by 5.1%. In 2023, the budget deficit will be reduced to 3.3% of GDP, the government will continue to limit borrowing, and the proportion of government debt and foreign debt to GDP will be reduced to 32% and 55% respectively in 2025, and the government will use more public-private partnership models to widely attract private investment. Editor/Xu Shengpeng