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.

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.

What is Uzbekistan's energy policy?

Since the beginning of independence, the Govern-ment of Uzbekistan has implemented its energy policy as part of its socio-economic policy, focusing it largely on maintaining Uzbekistan’s energy secu-rity and using energy resources to further the social aims of the society of Uzbekistan.

Should Uzbekistan reform its energy sector?

A tariff reform should be placed at the heart of Uzbekistan’s efforts to reform its energy sector. Natural gas could be saved through improved efficiency, substituted with renewable energy in power generation and turned into higher-value-added petrochemicals.

How can Uzbekistan improve energy security?

Strengthening regional energy integration and enabling multilateral energy trade will help Uzbekistan address short-term redundancies, facilitate the integration of renewable energy, and enhance energy security and resilience in the long run.

What is Uzbekistan's power sector?

Power sector is one of Uzbekistan’s key econom-ic sectors. Total installed capacity of Uzbekistan’s power plants exceeds 12.4 GW.