Ministry of Economy and Finance of the Republic of Uzbekistan

A meeting was held at the Ministry of Economy and Finance between representatives of the Japanese company “Hanwa Co. Ltd” and specialists of the Department of Support for the Introduction of Innovative Technologies, "green" and Cognitive Economy of the Ministry.

The purpose of the meeting is cooperation in the implementation of the Joint Credit Mechanism (JCM) in the republic within the framework of the agreement signed between Uzbekistan and Japan in 2022.

For reference: the JCM co–financing mechanism is a system of Japan's cooperation to reduce greenhouse gas emissions through the introduction of modern technologies in developing countries on the basis of compensation up to 50%.

The discussion was attended by the head of the Energy Department of the Japanese company “Hanwa Co. Ltd.” Fukuzawa Daigoro, investment specialist Otagshuro Akira, specialist in Central Asian countries of the company Mehmonov Farrukh, specialist of Erst & Young ShinNihon in Central Asian countries, as well as responsible employees of the Department for the development of the “green” economy of the Ministry.

Also, within the framework of the JCM mechanism, the implementation of a project to reduce greenhouse gas emissions by installing solar panels and switching to the use of biofuels in the heating system in two medical institutions located in the Yakkabog district of Kashkadarya region was discussed.

“Hanwa Co. Ltd” representatives made a presentation to the experts of the Ministry about the technical tasks, advantages, and expected results of the proposed projects for two medical institutions located in the Yakkabog district.

Following the meeting, the parties agreed on cooperation in the implementation of projects implemented within the framework of the joint financing mechanism in the republic.

Public Relations Department

Ministry of Economy and Finance