Uzbekistan’s energy sector overhaul “Development of the ener | Review.uz/en - Economic Review

Uzbekistan’s energy sector overhaul

“Development of the energy sector is essential for economic growth,” Deputy Energy Minister Bekhzot Narmatov said in an interview with bne IntelliNews in Tashkent, in which he outlined the plans for energy sector liberalisation, infrastructure investments and boosting efficiency.

Uzbekistan has a fast growing and increasingly affluent population, which means energy demand is already increasing and will grow further in the coming years.

Together with Tashkent’s participation in the global effort to fight climate change, this has prompted the government to draw up plans to overhaul existing infrastructure, raise efficiency and encourage investment into renewables.

The government’s forecast, as set out in its power sector development concept for 2020 to 2030 is for the current demand of around 68bn kWh to increase to between 110bn and 115bn by the end of the decade.

“This increase is because of two factors: the population is growing and will increase from 34mn today to close to 38mn by 2030, and consumption per capita, which is currently below the global average, is also expected to increase,” Bakhrom Umarbekov, project manager on renewables at the energy ministry

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