Qatar company plans to start producing cheap electricity in Uzbekistan
Baku, Azerbaijan, February 23
By Fakhri Vakilov - Trend:
The Qatari company Redco International plans to implement a number of projects in Uzbek energy sector, Trend reports via Uzbek media.
This became known after negotiations with the director and co-owner of Redco International Saif ur Rehman Khan.
Director and co-owner of Redco International Saif ur Rehman Khan expressed interest in cooperation during the negotiations.
"The management of Redco International stated that it is considering prospects for the implementation of large-scale energy projects in Uzbekistan, including affecting the alternative energy sector. Such projects have already been successfully developed and implemented in Azerbaijan, Pakistan, Nigeria and Kazakhstan, with a price of 3,8 - 4 cents per kilowatt-hour of electricity produced," Uzbek Ministry noted.
Moreover, the company shows great interest in terms of participation in the privatization and renovation of number of hotels in Tashkent and regions of the country.
The parties also discussed prospects for cooperation in terms of identifying the most promising areas for foreign partners and forming a package of specific investment projects during the meeting.
Redco International is a leading industrial manufacturing and contracting group operating in Qatar since 1982. The company is owned by H.E. Sheikh Jassim bin Hamad Al Thani and Ex-Senator, Saif ur Rehman Khan. Redco International has been a leader in precast concrete manufacturing and erection in Qatar since the 1980s, and is also amongst the leaders in ready-mix concrete manufacturing, steel cut & bend, Mechanical-Electrical-Plumbing (MEP) and building works (general contracting).
Nowadays, a company with more than 14,000 employees is engaged in the production of reinforced concrete structures, concrete, metal products and textiles.
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