OREANDA-NEWS. January 19, 2009. Industrial sector of Uzbekistan will increase investments to modernization of capacities due to own resources 2.3 times year-on-year to USD 1.023 billion in 2009, reported the Official website www.investuzbekistan.uz.

Uzbek President Islam Karimov approved 99 projects on modernization of capacity of industrial enterprises for 3.3 billion soums due to own funds of enterprises. In particular, it is planned to continue 63 projects for USD 1.24 billion and start to implement 36 new projects worth USD 2.06 billion.

Largest volume of investment will be used by Uzbekneftegaz – USD 387 million. Uzbekneftegaz will use funds to construct 170 km Ahangaran-Pubgan pipeline through Kamchik pass (USD 241.2m) and two projects of Mubarekneftegaz (USD 115.5m), including a project on construction of capacities for production of liquefied gas.

Navoi Mining and Smelting Plant (NGMK) will direct USD 110 million to two projects – construction of ore mining complex at deposit of Zarmintan gold ore zone (Samarqand province) with the cost of USD 235 million and build mining and smelting enterprise at gold ore deposits Kokpotas and Daugyztau (Central Kyzylkum) with the cost of USD 150 million.

Almalyk Mining and Smelting Plant (AGMK) will invest USD 74 million to reconstruct zinc plant to process raw materials from Khandiza deposit (Qashqadaryo province), expansion of Kalmakir deposit in Tashkent province, as well as copper processing plat for USD 18.5 million.

Uzbekenergo will use USD 80 million to modernize electricity network, including to construction of high-voltage transmission line (500 kW) and electricity substations in south and east of the country.