Uzbek migrant workers are expected to experience losses amid the depreciation of the Russian rouble and difficulties wiring the money back to their homes due to sanctions imposed on some of the Russian banks.

The constructed plant will generate 2 billion kilowatt-hours of energy per year, ensuring the generation of affordable electricity for the growing population of the region.

Growth is expected to decelerate to 1.7 percent in 2022, a downward revision of 2.5 percentage points relative to the forecast made in November 2021.

The volume of attracted investments is estimated to be $1.2 billion and the efficiency of the plant is expected to be over 60 percent, which will save 1.1 billion cubic metres of natural gas annually.

Uzbekistan signed agreements for millions of U.S. dollars in investments and trade agreements, including $330 million from the EBRD for the privatisation of banks and social infrastructure projects.