News

Government Plans to Raise $4 Bn for National Power Grid Improvement

A total of 7,000 kilometers of main networks will be constructed
Photo: Ministry of Energy of Uzbekistan

Uzbekistan plans to construct 7,000 kilometres of main networks to connect new energy capacities. An investment of $4 bn will be allocated to modernize the national electricity network. Uzbek Energy Minister Zhurabek Mirzamakhmudov made this announcement during a meeting with President Shavkat Mirziyoyev.

By 2030, more than 50% of electricity is expected to be generated from solar, wind, and micro-hydroelectric power plants.

Additionally, the aim is to reduce electricity losses from 14% to 8% and 9% by 2030 and enhance energy efficiency in the industrial sector.

So far, foreign investments amounting to $26 bn have been secured for projects with a total capacity of 24 gigawatts.

Kursiv Uzbekistan also reports that 10,200 transformers had been repaired in the country.