The central focus was on the region’s transition to a green economy and key developments in the energy and renewables sector across Central Asia and Mongolia.

Event objectives

• Promotion of Renewable Energy: Encourage the adoption and deployment of renewable energy sources within the region.
• Attracting Foreign Investment: Foster an environment conducive to foreign direct investment in the energy sector.
• Transition to Renewable Energy: Promote the shift towards greener energy sources, aligning with global sustainability goals.

Highlights

Wooi Leong TAN, Managing Director of Surbana Jurong participated in a distinguished panel of experts discussing the path to establish the region as a renewable energy hub. The panel delved into critical topics such as:

• Enhancing energy security amid global challenges.
• Attracting global investments to Central Asia and Mongolia.
• Fostering a conducive sectoral environment.
• Exploring opportunities for fruitful regional and international collaborations.

To demonstrate our commitment to supporting sustainable energy development in the region, Surbana Jurong and SMEC participated as silver sponsors for the event.  The conference was also attended by Group CEO Sean Chiao and CEO of SMEC and Surbana Jurong International Hari Poologasundram as part of their recent visit to Central Asia.

Challenges and opportunities

Central Asia’s transformation into a green energy centre hinges on various factors impacting both regional energy security and global sustainable development goals. The region’s potential lies in harnessing its abundant renewable resources, primarily solar, wind, and water.

As emphasized by moderators and several participants, companies such as Surbana Jurong are well positioned to support Central Asia in developing a sustainable renewable energy mix. SMEC and Surbana Jurong offer a diverse range of capabilities with permanent offices and established teams who understand the nuances and intricacies of infrastructure delivery in countries such as Kazakhstan, Uzbekistan, and Georgia.

To realize this potential, a robust policy framework that encourages private and foreign investment is essential.

The renewable energy sector in Central Asia faces several challenges, including outdated energy infrastructure and imperfect financing mechanisms. These challenges can be overcome through:

• Strategic Planning: Developing a comprehensive strategy and updating the regulatory framework to incentivize renewable energy deployment.
• Partnerships: Attracting public-private partnerships.
• Financial Support: Creating financial support mechanisms, such as tax incentives or subsidies, to encourage private sector participation.

By fostering an enabling environment, Central Asia can embark on a « green transition » that not only addresses local energy challenges but also positions the region competitively in the global renewable energy market.

The Energy Week Central Asia & Mongolia served as a significant milestone in advancing these crucial objectives and discussions, marking a step forward in the region’s journey towards a sustainable energy future.