Korean Companies Plan To Localize Production Of Green Technologies In Uzbekistan

(MENAFN- Trend News Agency) TASHKENT, Uzbekistan, May 11. Korean companiesplan to study the possibilities of localizing the production ofgreen technologies in Uzbekistan, Trend reports.

Uzbekistan's Ministry of Economy and Finance held a meeting withKorean companies to discuss the potential for cooperation in thefield of reducing greenhouse gas emissions.

In particular, the representatives of the Green EconomyDevelopment Department of Uzbekistan's Ministry of Economy andFinance, the CEO of the Korean Institute of Climate Change (KICC),a researcher at KICC, the Department Manager from Korea Investmentand Securities (KIS), the Project Manager at KIS, and the TeamLeader from Korea Western Power participated in the meeting.

The Korean side also plans to implement a newly developedproject to install modern heat pumps in Uzbekistan's socialfacilities, in particular hospitals, greenhouses, and multi-storyresidential and non-residential buildings.

The project is planned to be implemented for the first time inUzbekistan, and the possibility of implementing a pilot project inthe city of Urgench (Uzbekistan's Khorezm region) is beingstudied.

Meanwhile, trade turnover volume between Uzbekistan and Koreaamounted to $544.1 million from January through March 2024. Thevolume of exports to Korea reached $10.9 million, while importstotaled $533.2 million during this period.

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