Uzbekistan implements large-scale reforms to strengthen vitality trade

Uzbekistan’s vitality sector has taken main steps in direction of renewable vitality sources and decreasing CO2 emissions, boosting cooperation with its worldwide companions.

In a current backyard reception on the Embassy of Uzbekistan in Brussels, Ambassador to the European Union Dilyor Khakimov and Brussels Energy Club founder Marat Terterov had been joined through zoom by audio system Brussels Energy Club Director Nadezda Kokotovic, European Geopolitical Forum Head of Research George Niculescu and New Europe Energy and Russian Affairs Kostis Geropoulos to debate Uzbekistan’s vitality cooperation with worldwide companions and openness in direction of reform and funding in a 12 months which marks a landmark occasion in Uzbekistan’s fashionable historical past – 30 years of independence for Central Asia’s most populous state.

The Uzbekistan ambassador famous that since his nation turned an unbiased nation the large-scale reforms has been carried out to strengthen its vitality trade. In explicit, important path was handed within the means of modernization and constructing new enterprises for vitality infrastructure in oil and gasoline, hydropower and renewables, Khakimov mentioned.

“As a result, today we can see increased volume of generating capacities, which ensures the country’s economic growth.  But the breakthrough in energy has been made during the years under the President of Uzbekistan Mr. Shavkat Mirziyoyev,” Khakimov mentioned.

“First, the President established the Ministry of Energy, which now coordinates the implementation of the overall energy policy of the Republic of Uzbekistan, including bringing investment and technologies,” he mentioned, reminding that main European vitality corporations like Shell are collaborating in constructing the plant for pure gasoline processing in Surkhandarya area.

The different European firm Stone City Energy will assemble a Thermal Power Plant in Surkhandarya area, which can produce 1,560 MW of electrical energy.

“Along with the progress that we can see today, Uzbekistan still faces a challenge in unrealized potential, especially in renewable energy, which is expected to become the prime sector of Uzbek energy in coming years,” the Uzbek Ambassador to the EU mentioned.

“Because of that the President of Uzbekistan Mr. Shavkat Mirziyoyev stressed the importance of moving toward greater use of renewable energy in the Strategy for actions on the development of Uzbekistan in 2017 – 2021,” he mentioned.

Moreover, most just lately the Head of Uzbekistan in his speech on May 30 on the Second International Summit “Partnership for Green Growth and Global Goals – 2030” (P4G) in Seoul has introduced an bold aim – to extend the share of renewable vitality sources within the nation’s financial system by greater than three occasions within the subsequent 10 years.

Uzbekistan has set a aim to extend the quantity of Renewable Energy Sources in whole electrical energy manufacturing to 25% by 2030, at present – 10%. To obtain these outcomes, the state is taking energetic measures to implement main initiatives within the renewable vitality sector, Khakimov defined.

As many nations, Uzbekistan as a celebration to the Paris Agreement (2015) seeks the widespread aim of greenhouse gasoline emission mitigating. The Government expects that creating of renewable vitality sources will cut back emissions by 10% by 2030 in contrast with 2010.

With the assistance from the EU by means of the EBRD and Corporate Solutions, Uzbekistan has developed a nationwide Low-Carbon Energy Strategy to enhance vitality effectivity, improve the share of renewable vitality within the nation’s vitality stability according to UNFCCC tips and meet the nation’s vitality wants.

Transition to low-carbon vitality will make it attainable to offer Uzbekistan with electrical energy at a excessive development charge and enhance its residents’ high quality of life. This can also be an essential a part of Uzbekistan’s rising position within the regional and worldwide vitality markets.

Looking on the experiences of Germany, Japan and Spain, Uzbekistan is making a low-carbon transition, and lots of European traders have expressed curiosity in investing within the nation’s various vitality sources – together with hydro, photo voltaic and wind – to provide electrical energy with low carbon emissions.

Recently, with the assist of the World Bank Group, Abu Dhabi Future Energy Company (Masdar) and the federal government of Uzbekistan, a challenge was launched to construct the nation’s first photo voltaic photovoltaic energy plant with a capability of 100 megawatts.

Uzbekistan’s Energy Minister, Alisher Sultanov, informed New Europe in a current interview his nation plans to liberalize its vitality sector, which is a part of a sequence of reforms in Uzbekistan that started a number of years in the past when the nation launched into a brand new course of improvement.

Uzbekistan is at present present process a significant transformation and privatization program that includes the sale of 60 massive industrial enterprises, and the sale of shares in additional than 400 state-owned corporations within the near future.

Uzbekistan can present all the mandatory circumstances for international traders once they determine whether or not to put money into the nation.

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