On September 20 this year, Oybek Khamrayev, Deputy Minister of Investment, Industry and Trade, held a meeting with representatives of Japanese companies HANWA and Ernst & Young ShinNihon.

During the meeting, the parties discussed prospects for the development and expansion of cooperation between Uzbekistan and Japanese partners in the development of alternative energy sources, as well as the possibility of attracting direct investments of the company for the implementation of solar panel installation projects in Uzbekistan.

The foreign side was thoroughly acquainted with the industrial and technological potential of our country, as well as the favorable investment climate, benefits and preferences for entrepreneurial and investment activities, including in the energy sector.

For reference: Within the framework of the Memorandum of Cooperation on the Joint Credit Mechanism (JCM) signed between the governments of our countries on October 25, 2022, the Ministry of Economy, Trade and Industry of Japan allocated Hanwa $200 thousand as subsidies for the implementation of projects in the field of alternative energy in Uzbekistan.

Following the meeting, an agreement was reached between the parties to begin practical work on the joint implementation of a project to install solar panels in our country.