Uzbekistan has signed six energy agreements worth a combined $4.7 billion, covering projects expected to add 3,000 megawatts of electricity generation and 400 megawatts of energy storage.
President Shavkat Mirziyoyev announced the agreements during a meeting with investors on October 16. The projects form part of the country’s effort to attract private investment and meet rising electricity demand.
Uzbekistan’s energy sector has attracted $35 billion in investment over the past decade, according to the president’s office. Renewable sources, including solar, wind and hydropower, now account for 31 per cent of national electricity generation.
Mirziyoyev also outlined plans for two additional nuclear power plants. Details about their locations, costs and construction schedules have not yet been announced.
The plans come as Uzbekistan advances its first nuclear power project in the Jizzakh region, developed in cooperation with Russia’s state-owned nuclear company Rosatom. The project is intended to diversify the country’s electricity supply as demand increases.
The government is also seeking foreign investment in oil and gas exploration. It plans to prepare 128 exploration blocks for potential investors, with the aim of attracting capital and developing domestic resources.
Separately, Uzbekistan is examining a proposed electricity export corridor to Europe through Kazakhstan and Azerbaijan. The initiative would require further technical and commercial development before implementation.
The latest agreements represent a substantial investment commitment, but their eventual contribution to the power supply will depend on project delivery. The additional nuclear plants also remain plans rather than confirmed construction projects, with key details still to be established.
