Tashkent, Uzbekistan, May 19
By Demir Azizov- Trend:
The EU offers Uzbekistan its financial resources for joint projects in the fuel and energy sphere, Maros Sefcovic, vice-president of the European Commission for Energy Union, said.
He made the remarks May 19 during his speech at a conference within the international exhibition "Oil and Gas Uzbekistan 2016" in Tashkent.
Sefcovic said that the EU has financial instruments, which can provide much needed funding for specific projects aimed at the implementation of sustainable energy policy.
In particular, the vice-president pointed out to the opportunities of the European Investment Bank (EIB), experience of which is available for the development of sustainable energy investment projects in Uzbekistan.
Sefcovic also offered Uzbekistan to join the "Investment Facility for Central Asia (IFCA)" program, which allows attracting grants and technical aid for implementation of energy projects.
The EU and Uzbek government signed a memorandum of cooperation in the energy sphere in January 2011. The memorandum envisages participation of companies from the EU countries in modernization of spheres of the fuel and energy complex, introduction of energy saving technologies and development of transportation and communication and transit corridors between the regions.
Edited by SI