Uzbekistan on the Path to Energy Transformation

Uzbekistan is facing a large-scale energy transformation: the current system is no longer able to cope with the growing demand and outdated infrastructure.

According to a report by the Eurasian Development Bank, the installed capacity is 21.259 GW, but per capita consumption remains 2 times lower than the world average. At the same time, the energy balance still depends on gas, which accounts for almost 74% of generation.

The situation is aggravated by worn-out networks and high losses — up to 17.8%, as well as a drop in gas production by 27% in recent years. Against this background, demand continues to grow: by 2030, it will increase by more than 37%. It was these factors that led to the energy crisis in the winter of 2023, showing the vulnerability of the system.

The answer will be a focus on renewable energy and nuclear projects. The authorities plan to increase the share of "green" generation to 54% by 2030, launching more than 50 projects worth $26 billion. At the same time, thermal power plants are being modernized and nuclear power plants are being built. However, the success of the reforms will depend on the modernization of networks, tariff policy and the ability to integrate new capacities into the power system.