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Private sector to be attracted to electric power industry

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Private sector to be attracted to electric power industry

At the meeting, which was held by President Shavkat Mirziyoyev on October 3, tasks were identified on the required measures for creating additional capacity to generate 12.5 thousand megawatts by 2030, in particular, for construction of combined-cycle plants, a nuclear power station, hydroelectric power stations, modernization of existing facilities, upgrading power units of Syrdarya, Tashkent, Navoi, Takhiatash thermal power stations, as well as introduction of public-private partnership mechanisms in the industry.

The State Committee for Investments and Uzbekenergo JSC were given instructions on taking measures for building steam and gas turbine installations with a capacity of 3.9 thousand megawatts, coal-fired thermal power stations, solar and wind power stations in the city of Angren and Surkhandarya region.

Relevant tasks on accelerating the construction of new facilities for electricity generation were defined.

In this regard, it was indicated that starting from the next year, 15 percent of funds received from the sale of electricity should be allocated to finance investment projects and repay loans.

The Ministry of Finance, the State Committee for Investments and Uzbekenergo JSC were instructed to identify sources of financing projects.

– Implementation of modernization and reconstruction tasks in the system requires involvement of private sector in the sphere on the basis of public-private partnership. However, the necessary normative-legal framework and technical infrastructure are not ready. For example, the issue of electric power reception in the electric power system produced by private enterprises is still not resolved. Thus, 60 percent of electricity in Turkey and 20 percent in South Korea are produced by private enterprises, – the President said.

The Ministries of Economy and Finance, the State Committee for Assistance to Privatized Enterprises and Development of Competition and Uzbekenergo JSC have been instructed to attract private sector to the industry based on conclusions of international experts, as well as ensure development of legal, institutional, technological foundations of public-private partnership mechanism.

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