Over the last five years, Uzbekistan has taken major strides to overhaul its energy infrastructure, attracting $4.3bn in investments and adding 5.7 gigawatts of new power capacity. This push has been part of a broader transformation aimed at modernizing the country’s electric power sector and meeting the rising demand for reliable energy.
As a result, Uzbekistan has separated electricity generation, transmission, and distribution into distinct companies, creating more opportunities for private sector participation.
Four key enterprises – Uzbekistan National Electric Networks, Regional Electric Networks, Thermal Power Station, and Uzbekgidroenergo – have successfully obtained international credit ratings, positioning them as competitive entities that can independently attract investments and increase sector efficiency.
In a recent meeting on November 4, President Shavkat Mirziyoyev stressed further plans for transformation, focusing on reducing operational costs and improving efficiency across the sector. The president highlighted that each energy company’s priority should be to drive down costs, which can be achieved by expediting project approvals, cutting losses, and enhancing procurement processes.
The government is also preparing to attract an additional $4bn in private investments by opening up regional network branches in Samarkand, Jizzakh, and Syrdarya to private operators next year. Under the competitive energy market framework introduced last year, network enterprises will implement modern management systems to support this transformation.
With 2025 set as the "Year of Savings and Efficiency" for energy companies, officials emphasized the importance of cost control and digitization at every level of the network. The government’s goals aim to create a robust, cost-effective energy sector that can reliably support Uzbekistan’s growing energy needs.
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