Measures adopted to improve the financial health of Uzbekenergo

Tashkent, Uzbekistan (UzDaily.com) -- The Government of Uzbekistan issued a resolution “On measures to ensure the financial recovery and effective use of assets of organizations of JSC “Uzbekenergo”.

The document approved a "roadmap" for financial improvement and efficiency of the organizations of Uzbekenergo for 2018.

According to the road map, Uzbekenergo’s enterprises will implement a modern international accounting system ISU (information management system), which allows to operatively manage the full production and financial cycle of the industry.

The document noted that Uzbekistan plans to increase the amount of electricity and other products (supports, transformers, etc.) to Afghanistan.

The "road map" said that Uzbekenergo will publish financial statements of the company and other organizations, which are part of the company.

According to the document, a decision was made to preserve the unfinished construction of a steam pipeline for the Mubarek gas processing plant and a three-hull evaporative plant.

The government decided to reorganize some companies and effectively use their assets.

Also, Uzbekenergo will sell 72 assets from an auction to private individuals. The company will also transfer 13 assets, including land and shares in companies, to local khokimiyats.

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