Sunday, June 16, 2024
 
 

Uzbekistan to increase its 2030 renewables targets

Plans to increase power production capacity
UZBEKISTAN ENERGY MINISTRY
Uzbekistan’s Energy Minister Alisher Sultanov.

- Advertisement -

Uzbekistan’s Energy Ministry said on August 10 a significant share of power generation is to be assigned to solar and wind renewable power sources.

“We at the Ministry of Energy are working hard to increase the efficiency of existing infrastructure and constantly looking for opportunities to ensure the uninterrupted supply of electricity both to the population and the country’s growing and diversifying industries,”  Uzbekistan’s Energy Minister Alisher Sultanov said. “Recent tenders showed some previously hidden potential in the renewables sector, and we are confident that exploiting this potential will be successful,” he added.

The ministry issued an update on the activity in the power sector of the Central Asian country. Further to the adopted “Concept note for ensuring electricity supply in Uzbekistan  2020-2030” published in 2020, the Ministry of Energy is progressing its plans for power capacity development in Uzbekistan.

Uzbekistan’s Energy Ministry, in cooperation with the Ministry of Investments and Foreign Trade, the PPP Development Agency, WB, IFC, ADB and EBRD, has signed 16 PPAs with various international private power producers to build PV, wind, gas engine and CCGT power plants.

Despite the COVID-related economic slowdown of 2020, the demand for power continued to grow and the Energy Ministry said it has decided to reconsider its initial 2030 power capacity targets by increasing the share of renewables in the energy mix of Uzbekistan. Low tariffs, obtained through the competitive process in the latest PV tenders have brought optimism to the Ministry of Energy on the cost structure of ultimate tariffs for businesses and households. Thus, the PV solar plant capacity may be increased from the current forecast of 5 GW to 7 GW and wind power generation from 3 GW to 5 GW.

According to Uzbekistan’s Ministry, the updated ‘Concept note’ document is expected to be published early next year.

- Advertisement -

Subscribe to our newsletter

Co-founder / Director of Energy & Climate Policy and Security at NE Global Media

Latest

Genocide Rears its Ugly Head in Sudan’s Brutal War

The UN Security Council has called for a halt...

Trans-Caspian International Transport Route platform launched in Astana

In a major step forward for regional transport coordination,...

Berlin Ukraine Recovery Conference

Although partially overshadowed by urgent Ukrainian requests for emergency...

EU-Central Asia discuss security challenges, joint cooperation

The European Union and the five Central Asian Deputy...

Don't miss

Genocide Rears its Ugly Head in Sudan’s Brutal War

The UN Security Council has called for a halt...

Trans-Caspian International Transport Route platform launched in Astana

In a major step forward for regional transport coordination,...

Berlin Ukraine Recovery Conference

Although partially overshadowed by urgent Ukrainian requests for emergency...

EU-Central Asia discuss security challenges, joint cooperation

The European Union and the five Central Asian Deputy...

Manila rejects Beijing’s South China Sea demands as “absurd”

The Philippine Coast Guard accused its Chinese counterpart on...

Berlin Ukraine Recovery Conference

Although partially overshadowed by urgent Ukrainian requests for emergency help with its immediate air defense needs, as well as political shockwaves emanating from the...

EU-Central Asia discuss security challenges, joint cooperation

The European Union and the five Central Asian Deputy Foreign Ministers discussed common security challenges and joint cooperation to deepen ties between the two...

World Oceans Day calls for action to protect coastal communities and marine ecosystems

UN World Oceans Day, which is officially on June 8, was celebrated on June 7 at UN Headquarters in New York, focusing on protecting...

U.S.-Kazakhstan Enhanced Strategic Partnership Dialogue deepens political and economic ties

The sixth annual United States-Kazakhstan Enhanced Strategic Partnership Dialogue (ESPD) was held in Washington D.C. on May 31.The U.S.-Kazakhstan Enhanced Strategic Partnership Dialogue was...

Interview: EU and Turkmenistan are getting closer

NE Global sat down exclusively with Sapar Palvanov, Ambassador of Turkmenistan to the Kingdom of Belgium, also accredited as the head of the Mission...

Azerbaijan, Kazakhstan, Uzbekistan open path for integrating energy systems with the EU

On May 1, during the Tashkent International Investment Forum in Tashkent, Azerbaijan, Uzbekistan and Kazakhstan signed a memorandum of cooperation on merging the energy...

COP29 in Azerbaijan to focus on peace, climate finance, green issues

During this year’s United Nations climate conference COP29, host-country Azerbaijan will strive to act as a bridge-builder between all members of the international community,...

Tackling new threats to critical energy infrastructure

The explosions that targeted the Nord Stream pipelines from Russia to Germany in September 2022 and the suspected sabotage of Baltic-connector pipeline, which supplies...