Uzbekistan to extend its 2030 renewables targets

Uzbekistan’s Energy Ministry stated on August 10 a big share of energy technology is to be assigned to photo voltaic and wind renewable energy sources.

“We at the Ministry of Energy are working hard to increase the efficiency of existing infrastructure and constantly looking for opportunities to ensure the uninterrupted supply of electricity both to the population and the country’s growing and diversifying industries,”  Uzbekistan’s Energy Minister Alisher Sultanov stated. “Recent tenders showed some previously hidden potential in the renewables sector, and we are confident that exploiting this potential will be successful,” he added.

The ministry issued an replace on the exercise within the energy sector of the Central Asian nation. Further to the adopted “Concept note for ensuring electricity supply in Uzbekistan  2020-2030” revealed in 2020, the Ministry of Energy is progressing its plans for energy capability improvement in Uzbekistan.

Uzbekistan’s Energy Ministry, in cooperation with the Ministry of Investments and Foreign Trade, the PPP Development Agency, WB, IFC, ADB and EBRD, has signed 16 PPAs with varied worldwide personal energy producers to construct PV, wind, gasoline engine and CCGT energy vegetation.

Despite the COVID-related financial slowdown of 2020, the demand for energy continued to develop and the Energy Ministry stated it has determined to rethink its preliminary 2030 energy capability targets by rising the share of renewables within the power mixture of Uzbekistan. Low tariffs, obtained via the aggressive course of within the newest PV tenders have introduced optimism to the Ministry of Energy on the associated fee construction of final tariffs for companies and households. Thus, the PV photo voltaic plant capability could also be elevated from the present forecast of 5 GW to 7 GW and wind energy technology from three GW to five GW.

According to Uzbekistan’s Ministry, the up to date ‘Concept note’ doc is anticipated to be revealed early subsequent yr.

Source

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