Uzbekistan begins privatization of three automotive companies
Uzbekistan has announced the sale of state shares in three major automotive companies as part of its ongoing privatization efforts.
A high-level meeting of the water and energy ministers from Kazakhstan, Kyrgyzstan, and Uzbekistan recently took place in Tashkent to discuss the construction of the Kambarata Hydroelectric Power Plant (HPP-1). The project, located on the Naryn River, is set to become one of Central Asia's largest hydroelectric facilities.
Kazakhstan's Vice Minister of Energy, Sungat Yessimkhanov, emphasized that the 1,860 MW power plant will significantly enhance regional cooperation and strengthen friendly relations between the countries of Central Asia.
The project will see the three countries—Kyrgyzstan, Kazakhstan, and Uzbekistan—collaborate closely on the operation of the plant. According to agreements made during the meeting, Kyrgyzstan will hold a 34% share, while Kazakhstan and Uzbekistan will each have a 33% stake. Upon completion of the project, Kyrgyzstan will assume full ownership of the Kambarata HPP-1.
The Kambarata HPP-1 is a monumental project, with plans to construct a 256-meter high dam, a power station capable of generating 1,860 megawatts, and a reservoir with a capacity of 5.4 billion cubic meters. Once operational, the plant will produce approximately 5.6 billion kWh of electricity annually. The project is expected to be completed within 10 years.
The leaders of Kazakhstan, Kyrgyzstan, and Uzbekistan had previously signed a roadmap for the Kambarata HPP-1 project in January 2023, solidifying their commitment to the project and outlining key milestones.
Experts have raised concerns about the deteriorating water resources in the region, driven by drastic climate changes such as rising temperatures and decreasing precipitation. These changes are leading to lower water levels in rivers and reservoirs.
Analysts predict that by 2050, Central Asia’s population will reach 90 million, exacerbating water scarcity. The region is expected to face a 25-30% water shortage, while the demand for water for agricultural purposes may increase by 30% by 2030.
The Kambarata HPP-1 is seen as a key step in addressing some of these challenges, providing a significant boost to the region's energy security and mitigating some of the effects of water scarcity through renewable hydroelectric power.
The inside of a Herculaneum delicate & ancient scroll, unseen for nearly 2,000 years, has been revealed using Artificial Intelligence.
Regarding the Armenia-Azerbaijan process, we cannot forget the years of occupation, and we will not forget them, President Ilham Aliyev said in his speech at the opening ceremony of the 12th Global Baku Forum.
President Donald Trump has vowed to respond to the European Union's counter-tariffs, escalating tensions over the U.S. steel and aluminum duties that have sparked a trade dispute between the two economic powers.
Russian President Vladimir Putin agreed on Tuesday to a proposal by U.S. President Donald Trump that Russia and Ukraine cease attacking each other's energy infrastructure for 30 days, the Kremlin said following a lengthy phone discussion between the leaders.
Russia and Ukraine accused each other of new infrastructure attacks, despite a 30-day ceasefire agreed by President Vladimir Putin. Kyiv reported heavy drone strikes, while Moscow claimed to have intercepted Ukrainian drones. The tensions follow a call between Putin and Donald Trump on the conflict.
Israel’s far-right politician and leader of the Otzma Yehudit party, Itamar Ben-Gvir, is set to return to Benjamin Netanyahu’s government amid an intensification of the war in the Gaza Strip.
Afghanistan seeks foreign investment in mining, engaging with Chinese and Kazakh diplomats to boost resource extraction. With $1 trillion in untapped minerals, Kabul aims to become a key industry player despite infrastructure and security challenges.
Turkish authorities detained President Tayyip Erdogan's main political rival on Wednesday on charges including corruption and aiding a terrorist group, in what the main opposition party called "a coup attempt against our next president."
China and Kazakhstan have agreed to deepen cooperation in key areas, including trade, security, and Belt and Road projects. At a high-level meeting in Beijing, officials emphasised stronger political ties, economic collaboration, and cultural exchanges to advance their strategic partnership.
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