Why is this important
Uzbekistan is strengthening its course towards attracting green investments and developing a raw material base for sustainable energy. Attracting a new international company with a profile specialization can accelerate the development of deposits.
What happened
- Go Green Partners is an investment firm founded in 2023, specializing in the extraction and processing of critical minerals.
- The company plans to conduct geological exploration work at promising sites in Uzbekistan.
- The parties agreed to create a joint working group and develop a roadmap for launching projects.
- Also in New York, Mirziyoyev met with the leaders of Traxys, FLSmidth, McKinsey, and the Colorado Mining School.
- With Traxys, a portfolio of GPP projects worth $1 billion has been formed; FLSmidth is involved in the development of the copper industry; with McKinsey, a strategy for a deep transformation of the sector has been developed.
Context
Recently, large gas reserves have been discovered in the Ustyurt Plateau — drilled to a depth of 6.5 thousand meters. Uzbekistan is increasing investments in the exploration and processing of mineral resources, preparing state-owned companies for IPO, and working with international financial and industrial structures. Franklin Templeton, Traxys, McKinsey, and others are involved in the systemic modernization of the industry — from strategy to infrastructure.
