Following the meeting, President Shavkat Mirziyoyev exchanged views with investors, heard their proposals and expressed Uzbekistan’s readiness to continue mutually beneficial cooperation.
Investors proposed establishing a permanent dialogue mechanism to address issues related to land allocation, grid connections, and technical approvals. In response, an Energy Sector Investors Council will be established under the leadership of the Head of the Presidential Administration. The Council will work to promptly resolve issues at every stage of project implementation, from initial preparation through facility commissioning.
The President also proposed expanding investors’ involvement in training specialists for new energy facilities. Beginning next academic year, university enrollment quotas in energy-related fields will increase, and government grants will support 50 young people annually to study at leading universities abroad.
Addressing the gradual introduction of market-based mechanisms in the liquefied gas supply system, the President underlined that uninterrupted supply, safety and the quality of services provided to the public must remain top priorities.
In the oil and gas sector, cooperation will be expanded in geological exploration to improve the efficiency of field development and the advanced processing of raw materials. Exploration activities are underway in six investment blocks on the Ustyurt Plateau in partnership with SOCAR and British Petroleum, while another 128 blocks have been prepared for potential foreign investors. Plans were also presented to implement a Methanol-to-Olefins project in Bukhara region and to modernize the Bukhara and Fergana oil refineries.
The Head of State also noted that investment projects must create new opportunities for domestic industries. Twelve promising projects, totaling $850 million, have been prepared to localize the production of high-voltage equipment, energy storage systems, and wind turbine components. Plans are also underway to establish a dedicated industrial zone to manufacture equipment and materials needed for the nuclear power plant under construction in Forish district.
The discussions also covered expanding private-sector participation in electricity distribution networks and modernizing public facilities and pumping stations using energy-efficient technologies. New mechanisms will enable green energy producers to generate additional revenue by selling certificates and carbon credits.
Particular attention was given to expanding electricity networks and energy storage infrastructure. By 2030, Uzbekistan plans to build 5,000 kilometers of power lines and 16 major substations, and to increase energy storage capacity to 4.5 gigawatts. The President also emphasized the need to ensure reliable electricity supplies for industrial enterprises and data centers, given their growing energy needs.
For the first time, Uzbekistan will develop and publish a National Energy Master Plan through 2050. A map of available grid connection opportunities will be presented by March 1 next year, followed by the full master plan by July 1. This will provide investors with greater clarity and predictability for long-term project planning.
To achieve these goals, power generation, transmission, and energy storage systems will be developed in coordination. Energy capacity requirements will be assessed in advance for each region, and fully prepared projects will be offered through open, competitive tenders. Investors will receive clear information upfront on land allocation, grid connections, and electricity purchase terms. Six solar and wind power projects with a combined capacity of 2,200 megawatts will be put out to tender in the near future.
The President noted that Uzbekistan is entering a new phase of investment in its energy sector. From now on, every project must not only expand generation capacity but also improve electricity supply reliability and reduce power losses. By 2030, Uzbekistan aims to add 22,000 megawatts of new generation capacity, increase annual electricity production to more than 129 billion kilowatt-hours, and raise the share of renewable energy to 54 percent.
During the meeting, agreements were signed for six major projects worth $4.7 billion. These projects will add 3,000 megawatts of power generation capacity and 400 megawatts of energy storage capacity.
The President emphasized that a reliable energy supply is essential for economic growth, business development and improving people’s well-being. Over the past decade, Uzbekistan has opened its energy market to private investment and introduced public-private partnership mechanisms. During this period, the sector has attracted $35 billion in investment. With the expansion of solar, wind and hydropower facilities, renewable energy now accounts for 31 percent of the country’s total electricity generation.
President Shavkat Mirziyoyev held an open dialogue with investors to discuss accelerating reforms in the fuel and energy sector and enhancing its attractiveness for investment.
