Uzbekistan has had one of the weaker performing construction sectors in Central Asia over the last decade - although average real growth has still been above the global growth rate of - . With an industry value of an estimated UZS--.-trn (USD-.-bn), as we had been predicting Uzbekistan has fallen from second largest Central Asian construction market to third in ----, overtaken by a strengthening Turkmenistan. ...Industrial construction projects are a bright area, given the country s natural resources, as well as pipeline infrastructure. The development of Uzbekistan s natural gas resources has provided a boon to the country s growth potential, and continued investment - mainly from the government and Chinese partners - should see steady growth in gas production volumes. However, this area is at risk from falling exports to Russia, slowing medium-term gas demand in China, as well as the fact that Turkmenistan has secured the lion s share of Central Asian gas export to capacity. ...Furthermore, UE signed a memorandum of understanding in February ---- to establish a joint venture (JV) with Mitsubishi Hitachi Power Systems in order to support thermal power plant maintenance. As gas-fired power plant rehabilitation gains traction over our forecast period, we expect these power plant s capacity factors to improve, boosting gas-fired power generation.
...Uzbek President Islam Karimov signed a resolution on --- new projects for --------- worth upwards of USD--.-bn, with the energy sector the key beneficiary. Uzbekistan announced a five-year USD--bn plan to carry out --- projects to modernise industrial facilities and build infrastructure, especially in the gas petrochemical sectors and the construction of roads and new airports. ...Uzbek President Islam Karimov signed a resolution on --- new projects for --------- worth upwards of USD--.-bn, with the energy sector the key beneficiary. Uzbekistan announced a five-year USD--bn plan to carry out --- projects to modernise industrial facilities and build infrastructure, especially in the gas petrochemical sectors and the construction of roads and new airports. ADB in partnership with the Uzbek government aims to set up ---MW of solar capacity through three ---MW phases by ----. ...ADB in partnership with the Uzbek government aims to set up ---MW of solar capacity through three ---MW phases by ----. China s One Belt, One Road (OBOR) initiative, aiming at expanding its economic and geopolitical influence in Eurasia, will lead to the acceleration of Chinese mining investment in Central Asia.
...Indeed, we forecast Uzbek gas-fired power generation to expand by an annual average of -.- between ---- and ---- - with the sector set to comprise about -- of total power generation throughout the next decade. We stress that most of these gains will be a result of the modernisation of existing facilities, as opposed to new-builds coming online. ...
