Panina confirmed the necessity of Russian electricity for Uzbekistan, stating,
“Russian electricity is needed, it will be needed by autumn. And I think that by the fall, Kazakhstan’s plans will be more concretely worked out on what volumes it could pass through to the Uzbek energy system.”
Her comments were made during the sidelines of SPIEF-2024 (St. Petersburg International Economic Forum).
In February, Panina had mentioned the potential for exporting electricity to Uzbekistan. However, she noted that logistical challenges through Kazakhstan, where there is currently no free capacity, limited these plans. This limitation had been a significant factor in the delay of the supply.
Uzbekistan’s Energy Minister, Jurabek Mirzamakhmudov, announced a reduction in electricity imports by 25%, from 4 bn kWh to 3 bn kWh. This reduction has been made possible by the launch of new solar and wind power plants and improvements in the efficiency of thermal power plants. These advancements have not only helped cover the energy deficit but have also opened up prospects for Uzbekistan to become an energy exporter.
Inter RAO UES, an energy company formed in 1997 as a subsidiary of RAO UES of Russia, initially specialized in international electricity trade. Over the years, Inter RAO has expanded its operations and is now poised to play a crucial role in meeting Uzbekistan’s energy needs.
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