Tashkent – 7 December 2022
Renpower Uzbekistan – The path towards a new competitive power market (3rd edition)
Uzbekistan is one of the most growing economies in emerging Central Asia. Energy consumption is expected to double in the next decade, requiring USD26 billion in investments for an additional 17 GW of generation capacity and meet the electricity demand. The Government has embarked on reforms to enable the increase of renewables in electricity generation up to 20% by 2025 and 25% by 2030.
The “Concept Note for ensuring electricity supply in Uzbekistan in 2020-2030” intends to increase the total capacity from 12.9 GW to 29.3 GW – of which 11.8 GW should be RES. Increasing power generation from 63.6 billion KWh to 120.8 KWh requires investments in modernization and reconstruction of existing power plants, energy-efficient technologies, improvement of electricity metering systems and the development of renewable energy sources.
To this end, the Government plans to attract more FDIs, integrate new technology in the transition process and mobilize reliable financing sources with a target of 10 GW of new RES, including 5 GW of solar, 3 GW of wind and 1.9 GW of hydropower plants.
The country plans to be carbon neutral by 2050, increasing its energy efficiency. Such a transition is attracting new market entrants and new investments, notably to develop the country’ significant solar and wind energy resources, beside hydropower expansion and new thermal power plants. Uzbekistan will also play a pivotal role in Intra-regional cooperation and cross-border electricity trading which will both unlock new business opportunities in the region.
The year 2022 has been rich in new developments and tenders for bidders and market participants, featuring the development of a promising dynamic power sector market development for 2023 and beyond.
Featuring 20+ speakers and experts, the program is spread over 4 main sessions:
- Energy sector reform, power system in transition, modernizing transmission network in Uzbekistan
- Intra-regional cooperation and cross-border electricity trading
- Tapping into Uzbekistan’s big renewable energy potential and energy efficiency projects
- Attracting private sector investments, funding large-scale projects, mobilizing green finance
Attending: Key stakeholders including representatives from the government, International Finance Institutions (IFIs), policy makers, international and local developers, EPC contractors, independent power producers, engineering, legal and advisory services, manufacturers, banking and private equity entities.
Agenda and registration – The detailed agenda, speaker line-up and registration form will be available upon your written inquiry. Early bird conditions are currently applied so make sure to take advantage.
For more information, please contact:
Maxence de Craecker
+32 2 662 16 12