Uzbekistan

Population

34,230,000

GDP PPP (per capita)

7,335.624

Moody's (Credit Rating)

B1

Ease Of Doing Business

69

Overview

Uzbekistan is a landlocked state in Central Asia with access to the Aral Sea. It borders Kazakhstan, Kyrgyzstan, Tajikistan, Afghanistan, and Turkmenistan. 

The country spreads across 448,978 km2 with a population of 34.23 million people and a capital city Tashkent. 

Renewable energy in Uzbekistan is mostly represented by hydropower power plants. Solar power and wind power development are in the early stage of development. However, the Government acknowledges high interest among private corporations in the country’s RES market. This allows the Ministry of Energy to prepare the document ‘Concept for the provision of the Republic of Uzbekistan with electric energy for 2020–2030’. In this document, the Ministry sets the goals for solar and wind energy production of 5 GW and 3 GW respectively. Earlier, the President of Uzbekistan approved the State Action Plan on Renewable Energy. This plan involves USD 5.3 billion investments in 810 projects from 2017 to 2025. 

Uzbekistan collaborates with international companies on sector development. For instance, the Master Plan for RES development was prepared by a UK company Mott MacDonald. This implies that by 2025 at least 20% of the energy mix shall come from renewable energy sources, and by 2030, this share shall be increased to 25%. 

The renewable energy transition is essential for Uzbekistan. The country has great potential for RES development. Yet, currently, 85% of all electricity-generating capacities come from thermal power plants. The country is slowly replacing outdated generators, and to achieve it, accelerated development of renewable energy sources is required. 

The development of renewables occurs mainly through public-private partnerships (PPP). Under the latter, some support schemes such as subsidies, assets contribution and budget loans are available. 

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