Between 2022 and 2026 Uzbekistan will build 21 large hydropower plants with a total capacity of 740 megawatts.  Seven projects with a total capacity of 170 MW are expected to start next year.

Uzbekistan, a double-landlocked country with almost 35 million people, has been actively promoting the South and Central Asia rail link that will go through its war-torn neighbour Afghanistan, giving it access to the ports of Karachi, Gwadar and Qasim.

The commission fee was cut to 0.027 percent from the current 0.05 percent to introduce a flexible tariff policy.

Azerbaijan’s net government asset position has remained above 40% of GDP since 2015, Kazakhstan’s net asset position is trending toward balance.

The financing will help domestic small and medium-sized enterprises (SMEs), which are responsible for at least 56 percent of Uzbekistan’s GDP, invest in green technologies.