Kazancı Holding will make a 200 million dollar energy investment in Uzbekistan

According to the statement made by the company, Kazancı Holding Chairman Cemil Kazancı met with Uzbekistan President Şevket Mirziyoyev within the scope of the first meeting of the Fuel and Energy Sector Investors Council held in Tashkent.

During the meeting, Kazancı Holding's current investments in the Uzbekistan energy sector, new cooperation opportunities and projects for the modernization of the country's electricity infrastructure were evaluated.

Operating under the umbrella of the Holding, Aksa Energy has reached a total installed capacity of 1220 megawatts in the country with its power plants in Tashkent, Bukhara and Talimarcan, while Aksa Elektrik, the group's electricity distribution company, is preparing to start operations in new distribution regions after Samarkand.

Kazancı Holding, which has invested more than 700 million dollars in Aksa Energy's power plants in Tashkent, Bukhara and Talimarcan to date, is also expanding its presence in Uzbekistan in electricity distribution.

Aksa Electricity, which won the international tender and undertook the operation of the Samarkand region's electricity distribution network for 30 years, is evaluating the possibilities of carrying out distribution activities in three more regions. It is anticipated that approximately 200 million dollars will be invested in the distribution sector in the next two years in four regions, including Samarkand.

The new investments aim to modernize electricity distribution networks, increase operational efficiency and provide more reliable and uninterrupted energy service to consumers.

The approach of Kazancı Holding, which also plans to contribute to education and social development by building schools in every region it invests in, was greatly welcomed by President Mirziyoyev.

Mirziyoyev expressed his support for the expansion of electricity distribution cooperation, which started in Samarkand, to new regions.

Kazancı, whose views were included in the statement, stated that Uzbekistan has a strategic position in Kazancı Holding's global scale and long-term plans, and added:

"President Mirziyoyev's reform vision and strong relations between Turkey and Uzbekistan create a solid basis for us to deepen our investments. In the new period, we will continue to take responsibility for the country's energy transformation by combining our presence in energy production with our competencies in electricity distribution. We will invest in the transformation and modernization of the energy system of Uzbekistan. We also aim to support social development by building similar schools in Uzbekistan that we have donated to the national education system in Türkiye. Thus, Uzbekistan will ensure both energy supply security and sustainability." We aim to make a lasting contribution to its development."