Tritonix.ai

News / Korea / yonhap_finance

Uzbekistan President Announces Plans for Second Nuclear Power Plant

Utilities · Alternative Power Generation · yonhap_finance · 2026-08-24

Uzbek President Shavkat Mirziyoyev has announced plans to begin preparations for a second nuclear power plant to meet the nation's surging electricity demand.

What Happened

New Nuclear Initiative: Uzbekistan President Shavkat Mirziyoyev recently announced that the country will soon begin preparations for its second nuclear power plant. This move comes just two months after the nation officially broke ground on its first nuclear project.

Addressing Power Shortages: The government is aggressively expanding energy capacity to support rapid economic growth, aiming to nearly double annual electricity production by 2030. While renewable sources like solar and wind are being integrated, nuclear power remains the cornerstone of the country's long-term energy strategy.

Status of First Plant: The first nuclear facility, currently under construction in the Jizzakh region by Russia's Rosatom, is slated for completion by 2035. It will feature a mix of large and small modular reactors designed to generate approximately 15.4 billion kWh of electricity annually.

Future Outlook and Challenges: Details regarding the location, capacity, and contractors for the second plant remain undisclosed, and it is unclear if the government will continue its partnership with Russia. Domestically, the project faces a mix of support for economic development and concerns regarding potential environmental impacts.

Read original

More in Utilities

UK Energy Facility Suffered Four-Day Shutdown Following Iranian-Linked Cyberattack

Utilities · cnbc · 2026-08-23

A small-scale British power plant was forced offline in July due to a cyberattack attributed to Iranian actors, prompting government security reviews.

RBC Capital Markets Highlights Top Canadian Utility Picks Amid Market Stability

Utilities · globe_inside_market · 2026-08-21

RBC analyst Maurice Choy identifies key utility stocks while Scotiabank evaluates the impact of Canada's cooling housing market on major banking performance.

US Clean Energy Market Booms Despite Trump's Policies and Tax Credit Cuts

Utilities · yonhap_finance · 2026-08-20

Driven by surging AI power demand and high energy prices, the US clean energy sector is seeing record growth despite regulatory headwinds.

Latest in Korea

South Korean Government Bond Yields Decline Across All Maturities

Finance · yonhap_finance · 2026-08-24

South Korean government bond yields fell across the board on the 24th, with the 3-year benchmark yield closing at 3.836% as market sentiment improved.

KOSPI 200 Index Futures and Options Market Data (Sept 24)

Finance · yonhap_finance · 2026-08-24

A summary of the KOSPI 200 index futures and options market data as of the close of trading on September 24, including price changes and volume.

Individual Stock Futures Market Data and Open Interest (Sept 24)

Finance · yonhap_finance · 2026-08-24

A breakdown of individual stock futures for the top 100 market cap companies, including closing prices, trading volume, and open interest as of Sept 24.

KOSPI 200 Index Futures Market Closing Report (Sept 24)

Finance · yonhap_finance · 2026-08-24

A summary of the KOSPI 200 index futures market closing data, including opening/closing prices, daily changes, and trading volume as of Sept 24.