Baku, Azerbaijan, Oct. 20
Trend:
Russia's Bank for Development and Foreign Economic Affairs (Vnesheconombank) and the National Energy Saving Company of Uzbekistan (NESC) signed a memorandum of cooperation, Uzbek media reported.
The parties agreed on mutually beneficial cooperation and strategic partnership in the framework of financing the supply of Russian high-tech products to Uzbekistan, conducting work and providing services for the implementation of projects in the field of energy efficiency and energy saving in the Republic of Uzbekistan.
Vnesheconombank is ready to consider the possibility of financing a number of projects with the participation of the NESC and Russian companies providing for the modernization of power plants and pumping stations.
To implement specific areas of cooperation, the parties will conclude separate agreements.
