Abu Dhabi’s Mubadala Investment Company inked strategic agreements with the Republic of Uzbekistan to discuss potential opportunities in power generation, oil and gas and renewables, Pipeline Oil and Gas Magazine reported.

The agreements were signed by Khaldoon Al Mubarak, Mubadala’s CEO and Managing Director, and Sardor Umurzakov, Uzbekistan’s Minister of Investments and Foreign Trade.

Under the agreement, there will be a mutual cooperation between Mubadala, Uzbekenergo, the government-owned entity responsible for the generation, transmission, and distribution of power in Uzbekistan, and the Ministry of Investments and Foreign Trade of the Republic of Uzbekistan, which aim to identify oil and gas investment opportunities in the conventional power generation sector, as well as implement projects following the Independent Power Producer (IPP) model.

The agreement comes in line with supporting the government-to-government relationship between the two countries to achieve efficiency.