BAKU, Azerbaijan, August 10. India's Adani
Group is exploring investment opportunities in Uzbekistan's
hydropower sector, including the development of new hydropower
plants and pumped-storage facilities, as the two sides seek to
expand cooperation in renewable energy.


This was reflected in the statement by the Uzbekhydroenergo
following a meeting between an Uzbek delegation led by Investment,
Industry and Trade Minister Laziz Kudratov and representatives of
Adani Group. Azimjon Ahmadjanov, first deputy chairman of
Uzbekhydroenergo, also participated in the negotiations in
Ahmedabad.


"High-level negotiations were held in Ahmedabad, India, aimed at
establishing cooperation with one of the country's largest
corporations in the field of hydropower, Adani Group, to implement
promising projects in Uzbekistan," was said in the statement.


During the meeting, Adani Group founder Gautam Adani highlighted
Uzbekistan's ongoing reforms in the hydropower sector, its
investment potential and the conditions being created for foreign
investors.


The sides discussed the introduction of modern technologies,
construction of new energy facilities and the implementation of
mutually beneficial investment projects.


Adani expressed strong interest in investing in prospective
projects to build new hydropower plants and pumped-storage
hydropower plants in Uzbekistan, according to the Uzbek side.







The projects could contribute to Uzbekistan's efforts to expand
its renewable energy capacity, improve the stability of its power
system and make more efficient use of renewable energy
resources.


The talks also focused on establishing mechanisms for long-term
project cooperation and jointly developing investment initiatives
in the hydropower sector.


The parties agreed to continue working on prospective projects
and develop practical mechanisms for their implementation.


The discussions mark another step in Uzbekistan's efforts to
attract international investment and advanced technologies to its
renewable energy sector, particularly hydropower and energy
storage.