What is the Uzbekistan energy project?

7. The Project builds on the World Bank energy program in Uzbekistan by scaling up the private investment and commercial financing, diversification of power mix from domestic resources (solar), clean energy transition and decarbonization.

How will Uzbekistan support supplementary power?

A crucial aspect of this plan is ensuring that regions facing energy deficits can receive supplementary power from other areas. The government plans to invest $4 billion in the National Electric Grid of Uzbekistan over the next five years to facilitate these projects.

How will Uzbekistan improve electricity production?

The government plans to invest $4 billion in the National Electric Grid of Uzbekistan over the next five years to facilitate these projects. Reducing electricity production costs is another major priority, with a particular emphasis on alternative energy sources.

Why is Uzbekistan so energy-intensive?

Uzbekistan remains one of the most energy-intensive economies in the world. Energy use is largely based on fossil fuels, although the country has significant RE potential in solar and wind. Natural gas makes up to 83 percent of total primary energy consumption and more than 80 percent of the electricity mix.

How much electricity does Uzbekistan need?

According to projections, Uzbekistan will require 117 billion kilowatt-hours of electricity by 2030, increasing to 135 billion kilowatt-hours by 2035—1.7 times the current consumption. To meet these demands, the Ministry of Energy has developed a long-term strategy focused on infrastructure development and efficiency improvements.

Why is Uzbekistan becoming an energy importer?

This shift reflects Uzbekistan's transition from an energy exporter to an energy importer. Uzbekistan's move toward greater reliance on energy imports became evident in specific sectors. The country became a net importer of coal in 2012, oil products by 2018, and electricity in 2019.