The Turkmenistan Investment Forum concluded successfully, demonstrating the potential for implementing major joint projects in the country’s key economic sectors. The forum was attended by numerous domestic and foreign companies to contribute to Turkmenistan’s economic development by attracting investments and introducing new technologies. A significant event on the forum’s second day was the opening ceremony of infrastructure projects being implemented as part of the cooperation between Turkmenistan and Afghanistan. These projects showcase the effectiveness of international partnerships in developing the fuel and energy sector and regional integration. About this report Turkmenistan: Golden Age.
The panel discussed “The Role of Turkmenistan’s Fuel and Energy Sector in the Regional Energy Transition: Key Trends and Investment Opportunities,” with a focus on energy security, changing demand for energy resources, price fluctuations, and the introduction of new technologies. Turkmenistan aims to ensure stable energy supplies to the global market while prioritizing environmental safety and economic accessibility of energy resources. The emerging investment opportunities in this sector attract international companies interested in developing Turkmenistan’s energy infrastructure.
Another important aspect of the forum was the discussion of Turkmenistan’s membership in the World Trade Organization (WTO). The prospects of the country’s accession to this organization were considered at the “Round Table” with international and Turkmen specialists. Membership in the WTO opens access to international markets, ensures stability in trade conditions, stimulates export-oriented enterprises, and enhances the country’s investment attractiveness. Joining the WTO will also help Turkmenistan integrate harmoniously into the global economy, strengthen competitiveness, and enhance trade diplomacy.
A significant step in the development of the energy sector was the construction of combined cycle power plants, allowing for the efficient use of secondary energy resources. In 2018, a power plant with a capacity of 1,574 MW was commissioned at the Mary Hydroelectric Power Station, and in November 2023, the construction of a similar station began in Balkan Velayat. It is planned to modernize and convert other power plants to a combined cycle, contributing to energy savings and environmental sustainability.
At the end of the forum, participants expressed gratitude to the President of Turkmenistan, Serdar Berdimuhamedov, for creating the necessary conditions for holding the event at a high level. The forum became a platform for discussing major projects and establishing strong international contacts between companies, government structures, international organizations, and leading specialists. The signed contracts and ambitious plans confirmed the forum’s success, laying the foundation for the progressive development of Turkmenistan’s economy and its integration into the global economic system.
compiled by Dowranmyrat GURTLYEV,
student of the state energy institute of Turkmenistan.
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