Uzbekistan Signs $4.7 Billion Energy Deals to Add 3,000 MW of Capacity

Uzbekistan has signed agreements on six major energy projects worth a combined $4.7 billion. The projects are expected to add 3,000 megawatts of power generation capacity and 400 MW of energy storage capacity. President Shavkat Mirziyoyev announced this on October 16 during a meeting with investors in the fuel and energy sector in Tashkent.

Mirziyoyev described energy as the backbone of economic development, saying a reliable power supply is essential for business investment and public confidence in the future. He noted that Uzbekistan has opened its energy market to private investment and introduced public-private partnership mechanisms to modernize aging infrastructure and meet growing electricity demand.

According to the president, the country has attracted $35 billion in energy sector investment over the past decade, while the number of partner countries has grown from two or three to more than 10. The share of renewable energy in total electricity generation has reached 31%, and installed green energy capacity stands at 11.1 gigawatts. Electricity generation per capita has risen 28% to 2,300 kilowatt-hours.