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ABU DHABI / WAM
Mubadala Investment Company, Abu Dhabi’s strategic investment and development fund, has exchanged a set of strategic agreements with the Republic of Uzbekistan, in which future partnerships can be explored across three key strategic sectors; the conventional power generation, renewables, and the oil and gas sectors of Uzbekistan’s economy.
This will build on the existing strategic government-to-government relationship between the two countries, seeking to support efforts to drive efficiency and expansion in the Uzbek economy.
The pact includes identifying partnership and investment opportunities in conventional pow-er generation sector in collabor- ation with Uzbekenergo, the government-owned entity responsible for generation, transmission, and distribution of power in Uzbekistan, and the Uzbakistan’s Ministry of Investments and Foreign Trade alongside implementing projects following Indepen- dent Power Producer model.
In oil and gas, Mubadala, via its international operating company, Mubadala Petroleum, reached an agreement to explore potential partnership and investment opportunities in production enhancement across certain oil and gas fields in the Republic, together with potential opportunities in the country’s downstream sector, including refining and petrochemicals.