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Uzbekistan hosting CAREC forum

20 September 2019

The First Dialogue of the Energy Ministers of the member-states of the Central Asia Regional Economic Cooperation (CAREC) and the Central Asia Energy Investment Forum 2019 are being held in Tashkent, the capital of Uzbekistan, on September 20-21, Trend reports on Sept. 20.

The event is organized by the Uzbek government together with the Asian Development Bank (ADB) under the auspices of CAREC.

The Central Asia Energy Investment Forum 2019 opened on September 20 with a welcoming speech and a presentation entitled "Investment Barriers in Central Asia: Bringing Business to Energy Markets in Transition".

The program of the first day of the forum included the presentations and discussions, during which the issues of reforms in the energy sector as a catalyst for creating optimal conditions for investments were considered.

The moderated podium discussions with the participation of CAREC energy ministers, as well as meetings in the B-2-B format were also held.

The issue of making the energy transition (transition to alternative energy sources) a profitable business in Central Asia will be considered on the second day of the forum, September 21.

The ADB Energy Sector Group and the German Energy Agency will deliver speeches on the topic. Then a panel discussion will be held with the participation of members of the management of PowerChina International Group Limited, KB Global Investments and ACWA.

The issue on balancing risks and revenues in the transition period are planned to be discussed. The presentations will be made by members of the ADB management and the Secretariat of the Gas Exporting Countries Forum.

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