On February 1, 2019 a new Ministry of Energy was established by the decree and resolution of the President of Uzbekistan.
Among other tasks of the Ministry are:
- Increasing the investment attractiveness of the industry through the development of PPPs;
- Improving the tariff policy stimulating the formation of a favorable competitive and business environment in the energy market;
- Coordinating the implementation of investment projects.
In line with further amendment plans, development and approval of the restructuring model of the electric power industry as a whole (with technical assistance from the World Bank) took place.
On March 27, 2019 the President signed a resolution according to which Uzbekenergo will be restructured.3 new companies will be established instead, in accordance with modern methods of organizing the production, transportation, distribution and sale of electrical energy.
- Thermal Power Plants will manage the existing TPP assets as well as new construction projects.
- National Electric Networks will operate and develop the main electric networks in Uzbekistan, transport electricity through the main electric networks and interstate transit.
- Regional Electric Networks will manage the enterprises of territorial power grids that distribute and sell electricity to final consumers.
|Planned additions||Implementation date|
|a Concept for the Development of Renewable Energy Sources in the Republic of Uzbekistan for the period 2019-2023||by May 1, 2019|
|a portfolio of investment projects on the development of |
renewable energy sources
|by October 1, 2019|
Nuclear Power. Atomic Energy Development Agency (Uzatom) previously subordinated to the Cabinet of Ministers was transferred to the structure of the Ministry of Energy.
Hydropower. Uzbekgidroenergo was established in accordance with the decree of the President of the Republic dated May 18, 2017 with the aim of providing centralized process management of hydropower facilities. Uzbekgidroenergo manages existing assets (37 operating HPPs) and is responsible for new construction and modernization projects (32 projects/2017-2025; 42 projects/2019-2030).
Reforms, new construction and modernization projects as well as the opportunities opening up for international companies interested in the market will be discussed during the upcoming Energy Week Uzbekistan 2019. Official website: www.uzenergyweek.com