Uzbekistan Plans to Lift Annual Electricity Output Above 129 Billion kWh by 2030

President Shavkat Mirziyoyev is holding an open dialogue with investors in the fuel and energy sector, the presidential press service reported. The head of state called energy the heart of development and stressed that a stable energy supply is important for entrepreneurs' investment and for people's confidence in tomorrow.

A decade ago, tasks were set to solve sector problems, renew outdated capacities and meet growing demand. To that end, the energy market was opened to private investment and public-private partnership mechanisms were introduced. Some $35 billion has been invested in the sector since then, and the number of partner countries has risen from 2-3 to more than 10. Through solar, wind and hydroelectric plants, the share of renewables in total generation has risen to 31 percent. Deals worth $4.5 billion for six major projects were signed, which will create 3,000 MW of generation and 400 MW of energy storage capacity.

The target is 22,000 MW of new capacity by 2030. As a result, annual electricity output will exceed 129 billion kWh, and the renewable share will reach 54 percent. A recently signed decree clearly separated the tasks of the state and business, and projects will be carried out through open competition, transparent rules and consistent implementation of agreed terms.