President reviews high-voltage cable production enterprise
Uzbekistan
On February 11, as part of his visit to the Akhangaran district of the Tashkent region, President Shavkat Mirziyoyev reviewed the operations of “Enco Group”, an enterprise specializing in the manufacture of high-voltage cable products.
Large-scale efforts are underway across the country to accelerate the modernization of the energy sector, including the construction of new power plants and substations, the rehabilitation of main transmission grids, and the broad integration of renewable energy sources.
The growing demand for electricity, driven by the growth of economic sectors and an increasing population, requires the development of high-voltage power transmission lines. Therefore, there is a stable demand for high-voltage cables in both domestic and foreign markets.
To meet this demand, the “Enco Group” enterprise is being developed on a 21-hectare site within the “Eltech Industrial” technopark, in partnership with the Belarusian company “Energokomplekt”. The total cost of the project is about $60 million. Upon reaching full operational capacity, the facility is expected to create 600 new jobs.
The project is being implemented in two phases. At full capacity, the enterprise is projected to manufacture up to 25,000 tons of products annually, with an export potential estimated at $300 million.
Currently, the first stage of construction work is 98 percent complete, and more than $10 million in investments have been utilized. It is planned to export the enterprise's products to Germany, Latvia, Estonia, Bulgaria, and CIS countries. According to preliminary estimates, the annual export volume is expected to reach $140 million.
Last year, the country imported high-voltage cable products and insulated copper busbars worth about $400 million. Once fully operational, the enterprise will enable the production of import-substituting goods worth up to $150 million.
It was noted that Uzbekistan accounts for four of the twelve enterprises operating in this sector across Central Asia. This indicates that the electrical engineering industry in our country is gradually becoming a sector that creates high added value.
The Head of state was presented with further development plans for the enterprise, proposals for expanding production volumes and product range, and for increasing the level of localization.
The President instructed responsible officials to expand industrial cooperation, ensure the efficient use of local raw materials, introduce advanced technologies, and further increase the output of competitive, export-oriented products.
The growing demand for electricity, driven by the growth of economic sectors and an increasing population, requires the development of high-voltage power transmission lines. Therefore, there is a stable demand for high-voltage cables in both domestic and foreign markets.
To meet this demand, the “Enco Group” enterprise is being developed on a 21-hectare site within the “Eltech Industrial” technopark, in partnership with the Belarusian company “Energokomplekt”. The total cost of the project is about $60 million. Upon reaching full operational capacity, the facility is expected to create 600 new jobs.
The project is being implemented in two phases. At full capacity, the enterprise is projected to manufacture up to 25,000 tons of products annually, with an export potential estimated at $300 million.
Currently, the first stage of construction work is 98 percent complete, and more than $10 million in investments have been utilized. It is planned to export the enterprise's products to Germany, Latvia, Estonia, Bulgaria, and CIS countries. According to preliminary estimates, the annual export volume is expected to reach $140 million.
Last year, the country imported high-voltage cable products and insulated copper busbars worth about $400 million. Once fully operational, the enterprise will enable the production of import-substituting goods worth up to $150 million.
It was noted that Uzbekistan accounts for four of the twelve enterprises operating in this sector across Central Asia. This indicates that the electrical engineering industry in our country is gradually becoming a sector that creates high added value.
The Head of state was presented with further development plans for the enterprise, proposals for expanding production volumes and product range, and for increasing the level of localization.
The President instructed responsible officials to expand industrial cooperation, ensure the efficient use of local raw materials, introduce advanced technologies, and further increase the output of competitive, export-oriented products.
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