Uzbekistan aims to increase its electricity generation capacity from 82 billion kilowatt-hours to over 120 billion kilowatt-hours within five years, according to President Shavkat Mirziyoyev. This initiative was announced at the Tashkent International Investment Forum (TIIF) this week, reflecting the country's response to growing energy demands from industry and population growth.
Key Details
The government plans for renewable energy to constitute 54% of the electricity generation mix by 2030. Mirziyoyev noted that Uzbekistan has already attracted nearly $6 billion in foreign investment into green energy projects and intends to invest an additional $4 billion in electricity transmission networks. The country is focusing on solar and wind power plants, energy storage systems, and grid modernization to support this expansion.
The European Bank for Reconstruction and Development (EBRD) has been instrumental in financing these projects, having invested nearly $2 billion across Central Asia and Mongolia in 2025, with over $1 billion allocated to Uzbekistan. More than half of the EBRD's regional investments were classified as green, emphasizing the shift towards sustainable energy solutions.
Background
These developments come as Uzbekistan seeks to reduce its reliance on fossil fuels while enhancing its electricity supply to support new sectors, including digital infrastructure. The government’s strategy links energy expansion to broader industrial and digital goals, aiming for a comprehensive modernization of the country's energy landscape.
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The expansion plans could attract further investments into Uzbekistan's energy sector, particularly in renewable technologies. This may influence the broader Central Asian energy market as countries look to diversify their energy sources and improve infrastructure. Investors will watch for updates on foreign investments and specific project timelines as they develop.