On August 26, an online dialogue took place between the business incubator “Young Entrepreneurs Generator” at Tashkent State University of Economics and the Indian wind energy provider, “INOX Wind”, which boasts a capitalization of $121 billion.
During the virtual meeting, the two parties discussed potential mutual cooperation in areas such as wind turbines, wind turbine production, wind resource assessment, infrastructure development, installation and commissioning, as well as long-term operation and maintenance of wind energy projects.
Abdullah Al-Dosar, the representative of INOX Wind in Saudi Arabia, proposed attracting direct investments of up to $70 million for wind and solar power projects. Additionally, he suggested involving international financial institutions and international banks if the project’s cost exceeds $70 million.
Sardorkhan Buzrukhanov, the Director of the “Young Entrepreneurs Generator” business incubator, expressed his views on the prospects of implementing such projects in Uzbekistan. He provided information regarding the selection process for the most suitable projects, as well as the organization of project and start-up selection with the involvement of industry experts.
At the conclusion of the meeting, both parties emphasized the importance of mutually beneficial relationships with foreign countries and international organizations. These relationships have been facilitated by the friendly and practical foreign policy pursued by Uzbekistan in the international arena in recent years.
Following the successful online dialogue, the “Young Entrepreneurs Generator” business incubator at Tashkent State University of Economics is now working on developing a strategic roadmap for collaboration with INOX Wind. This roadmap aims to facilitate the implementation of innovative wind and solar power projects in Uzbekistan while promoting knowledge exchange, capacity building, and technology transfer.
As part of the strategic roadmap, several initiatives have been proposed, including:
Joint research and development projects: Both parties will collaborate on cutting-edge research projects focused on renewable energy technologies, with an emphasis on wind and solar power generation. The research will be conducted by interdisciplinary teams comprising faculty members, researchers, and students from Tashkent State University of Economics, as well as industry experts from INOX Wind.
Training programs and workshops: INOX Wind will provide specialized training programs and workshops for students, faculty members, and entrepreneurs affiliated with the “Young Entrepreneurs Generator” business incubator. These programs will cover topics such as wind turbine design, installation and maintenance, solar panel technology, and best practices in renewable energy project management.
Internship and exchange opportunities: Tashkent State University of Economics and INOX Wind will explore opportunities for internships and exchange programs, allowing students and researchers to gain hands-on experience in the renewable energy industry. This exposure will help build a skilled workforce in Uzbekistan, capable of driving the growth of the country’s renewable energy sector.
Establishment of a renewable energy innovation hub: The two parties will work together to establish a state-of-the-art renewable energy innovation hub within the premises of Tashkent State University of Economics. This hub will serve as a center for research, innovation, and entrepreneurship, fostering the development of new technologies and solutions in the renewable energy sector.
Through these collaborative efforts, Tashkent State University of Economics and INOX Wind aim to contribute significantly to the growth of Uzbekistan’s renewable energy sector. This partnership will not only help the country diversify its energy sources but also create new job opportunities, enhance technological capabilities, and promote sustainable development.