Uzbekistan has said it has reached an agreement with Russia to jointly build a nuclear power plant, a development it says will help it economize on gas and coal. Opponents of the scheme, however, say the power station could pose a danger to the environment. Similar proposals in neighboring Kazakhstan have run into trouble on similar grounds. And the vast costs attached to the project raise questions about how the funding is to be secured. According to official figures, Uzbekistan’s annual electricity requirements, which currently stand at around 69 billion kilowatt hours, are 85 percent met by production from gas and coal. The remainder is produced by hydropower facilities.
Oil Price 14th July 2018 read more »