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.

Is Uzbekistan ready for a grid-scale battery energy storage project?

Uzbekistan is in line for its first grid-scale battery energy storage project as it seeks to stabilize and strengthen its existing electricity grids and ramp up the uptake of renewable energy.

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 power will Uzbekistan's new power plant provide?

This new plant will have capacity equivalent to 8% of Uzbekistan's total generation capability and will be able to meet 15% of the country's overall power demand when complete.

How much electricity does Uzbekistan produce a year?

Power plants in Uzbekistan generated over 74 billion kilowatt-hours of electricity in 2022, up three billion kilowatt-hours in the previous year. The production increased each year under consideration. Get notified via email when this statistic is updated. *Preliminary data. Statista Accounts: Access All Statistics. Starting from $1,788 USD / Year

Does Uzbekistan have a strong economy?

As a result, notwithstanding the COVID-19 pandemic, Uzbekistan has maintained an economic growth of 2.0 percent in 2020 and a further growth rebound of 7.4 percent in 2021. Economic growth in 2022 moderated to 5.7 percent led by strong remittances, consumption, and exports.