Uzbekistan intends to build 4 large and 16 small hydropower plants in five years; «220 Volt», a Russian network of power tool shops, plans to enter Uzbekistan in 2019; The Central Bank named the main risks for the macroeconomic situation in Uzbekistan; The Ministry of Innovations has signed a memorandum with the blockchain-company Connect Blockchain DMCC.
In accordance with the draft Concept of the hydropower industry development until 2024, within five years, Uzbekistan plans to complete the construction of 4 hydroelectric power plants (HPPs) with a capacity of more than 30 MW, 16 new small ones, and also to modernize 21 existing stations.
The total cost of all implemented projects will exceed $2.6 billion, of which about $0.6 billion are borrowed funds.
The result will be an increase in annual electricity generation of 2.8 billion kW/h. At the same time the total number of stations in the structure of Uzbekgidroenergo will reach 57 with a total electricity generation of 9.3 billion kW/h.
This was announced by the managing partner of the company Alexey Fedorov. It is noted that “220 Volt” is already using franchising in Belarus and Kazakhstan.
“220 Volt” is a Russian network of electric tool stores. The company was founded in 2002, borrowing the format of the American retailer Harbor Freight Tools. The company’s own stores were opened in large cities, while in the regions the network is developing as a franchise.
Previous years, the company was on the list of the most expensive companies of Runet and the largest online stores in Russia.
The Central Bank named the main risks for the macroeconomic situation of Uzbekistan, which were introduced in the alternative scenario of economic development in 2019-2021.
The risks include deterioration of the economic situation in Russia and other major partners; reduction in prices for basic export goods; US dollar index growth; monetary policy tightening of leading central banks.
All risks considered are mostly external. In the alternative scenario, given the deterioration of external and internal conditions, as well as the failure to achieve the expected results of structural reforms, inflation is expected to accelerate to 17–18% in 2019.
The Ministry of Innovations has signed a memorandum with the blockchain-company Connect Blockchain DMCC
Connect Blockchain DMCC plans to introduce the blockchain into the national payment system of Uzbekistan.
According to Deputy Minister of Innovation Development Yulbarskhon Mansurov, the blockchain can be widely used in various areas in Uzbekistan – from finance and supply chain management to medicine and education.
Meng Chan Shu, founder and CEO of Connect Blockchain, announced that it is planned to introduce the blockchain into the management of the National Payment System of Uzbekistan at all levels, as well as other spheres.