The Ministry of Energy of Uzbekistan has signed a Memorandum of Understanding with the European Bank for Reconstruction and Development (EBRD) to cooperate towards achieving carbon neutrality by 2050. The country is expected to decarbonise its energy sector by developing large-scale renewable power plants, introducing a modern electricity grid, rejuvenating gas-fired power generation capacity, and retiring old thermal power plants. Uzbekistan will focus on modernising its gas capacity by 2030 and will boost renewable capacities over the 2030-2040 period.
In May 2020, the country unveiled, with the EBRD’s support, a low carbon energy strategy, which emphasises the development of power sources with low-carbon emissions, including solar, hydro, wind and nuclear. Uzbekistan also aims at reducing its reliance on gas-fired power generation from around 83% to 50% by 2030, and at raising the shares of nuclear, solar and wind power to 15%, 8% and 7%, respectively. Under a 10-year plan for power provision decided in partnership with the Asian Development Bank and the World Bank, Uzbekistan planned to add up to 30 GW of new power capacity by 2030, including 5 GW of solar energy, 3.8 GW of hydropower, up to 3 GW of wind and 2.4 GW of nuclear.
Interested in Global Energy Research?
Enerdata's premium online information service provides up-to-date market reports on 110+ countries. The reports include valuable market data and analysis as well as a daily newsfeed, curated by our energy analysts, on the oil, gas, coal and power markets.
This user-friendly tool gives you the essentials about the domestic markets of your concern, including market structure, organisation, actors, projects and business perspectives.