Uzbekistan plans to generate at least 50% of electricity from private power plants – President

By 2025, Uzbekistan will create all the conditions for the production of at least 50% of electricity in private power plants. This was announced by President Shavkat Mirziyoyev at a ceremony marking the launch of a modern solar photovoltaic plant (the first private power plant in Uzbekistan) in Karmana district, Navoi region.

According to Sherzod Asadov, a spokesman for the President, the head of state noted that this was the first power plant built by a private investor in the history of Uzbekistan.

“This is a practical result of the major reforms we have launched in the last two years in the electricity sector, a clear evidence of the growing confidence of investors in our country.

We have embarked on radical reforms in the energy sector. Instead of a monopoly state-owned company, which concentrates the production, transmission, distribution and sale of electricity, 4 independent companies have been established.

We have set as our main task the formation of a competitive wholesale market in the energy sector, the creation of wide opportunities for private investors. Thus, we meet the growing demand for electricity at reasonable prices.

By 2025, we will create all the conditions for the production of at least 50% of electricity in our country at private power plants,” the President said.

This project was implemented by Masdar (the UAE), which is currently the largest joint project with foreign state companies.

The head of state stressed that cooperation with the UAE has been expanding year by year and rising to a new level.

In the energy sector, six 1,700 megawatt projects worth about $1.5 billion have been launched.

In 2023, a 500-megawatt wind farm and a 200-megawatt solar station with the participation of the Phanes group will be built in the Navoi region in cooperation with Masdar.

The President expressed his deep gratitude to the representatives of the UAE government, Masdar CEO Muhammad Jamil Al-Ramahi and more than 600 foreign and local experts involved in the construction.