Beijing, China -Baoding Jikai Power Equipment Co., Ltd, a leading electrical equipment manufacturer in China, and Uzbekistan, a country in Central Asia, have signed an investment intention agreement to strengthen their partnership in the power industry.

The signing ceremony took place on July 19th , 2023 at Beijing. SunLi Xin, Chairman of Baoding Jikai Power Equipment Co., Ltd and Uzbek Kashkadalia government officials attended the event to witness this milestone in Sino-Uzbek economic cooperation.

Under the agreement, Baoding Jikai Power Equipment Co., Ltd expressed its intention to invest in Uzbekistan's power sector, including the construction and operation of power plants, transmission and distribution networks, and manufacturing of electrical equipment. This partnership aims to enhance Uzbekistan's domestic power infrastructure and promote the development of the country's energy industry.

Baoding Jikai Power Equipment Co., Ltd advanced technological capabilities and expertise in the power sector make it a strategic partner for Uzbekistan. With over 40 years of experience in the industry, Jikai has successfully implemented numerous projects in China and abroad, earning a reputation for delivering high-quality and innovative electrical solutions.

Uzbekistan, with its growing energy demands, sees this partnership as an opportunity to attract foreign investment, foster economic growth, and improve the reliability and efficiency of its power supply. The country's government officials have expressed their commitment to creating a conducive environment for Jikai's investment and providing the necessary support for the successful implementation of projects.

This investment intention agreement signifies the deepening economic ties between China and Uzbekistan and showcases the mutual trust and confidence in each other's capabilities. It serves as a foundation for further collaborations in the power sector, paving the way for more joint ventures, technology transfers, and knowledge sharing.

Jikai's investment in Uzbekistan is expected to provide significant benefits to both parties. The company will gain access to new markets, while Uzbekistan will gain the expertise and technology necessary to advance its power industry and meet the growing energy needs of its population.

Both Jikai Electric and Uzbekistan are excited about the prospects of this partnership and look forward to working closely together to achieve mutual success and contribute to the sustainable development of the power sector in Uzbekistan.