The key facts

  • Over the past period, $35 billion has been invested in the sector, and the number of partner countries has grown from two or three to more than 10
  • The share of renewables in generation has reached 31%, with green energy capacity at 11.1 GW
  • Agreements were signed on six projects worth $4.5 billion: 3,000 MW of generation and 400 MW of energy storage

Goals through 2030

President of Uzbekistan Shavkat Mirziyoyev held an open meeting with investors in the fuel and energy sector, his press service reports. He called energy the heart of the country's development and emphasized that a stable power supply is important for attracting investment and for the population's confidence in the future. According to the plans, by 2030 the country will create 22,000 MW of new capacity, which will make it possible to increase annual electricity generation to more than 129 billion kWh and raise the share of renewable sources to 54%.

Results of ten years of reforms

Ten years ago, the sector faced the tasks of solving accumulated problems, modernizing outdated capacity, and meeting growing demand. To this end, the energy market was opened to private investment and public-private partnership mechanisms were introduced. Over the past period, $35 billion has been invested in the sector, and the number of partner countries has increased from two or three to more than 10. Thanks to solar, wind, and hydroelectric power plants, the share of renewables in total generation has grown to 31%, and green energy capacity has reached 11.1 GW. Per capita electricity generation increased by 28% to 2.3 thousand kWh.

New agreements and a new stage of cooperation

On the day of the meeting, agreements were signed on six major projects with a total value of $4.5 billion. Under them, 3,000 MW of generating capacity and energy storage systems with a capacity of 400 MW are planned to be created. Mirziyoyev noted that in recent years significant experience has been accumulated in preparing energy projects and working with investors; now the sector is moving to a new stage, where every investment must not only create capacity but also improve the reliability of power supply and reduce losses. According to the report, a recently signed decree separated the functions of the state and business in the fuel and energy sector: projects of the new stage will be implemented on the basis of open competition, transparent rules, and consistent fulfillment of agreed conditions.