news Post
Friday, 24 June 2022

Issues of creating a new energy market management system were discussed

Tashkent, Uzbekistan (UzDaily.uz ) – President Shavkat Mirziyoyev held a meeting on the transformation of electric power enterprises on June 23.

In accordance with the growing needs of the economy and the population, the fuel and energy complex is being modernized. It is carried out on the basis of the Strategy for Further Development and Reform of the electric power industry of the Republic of Uzbekistan, approved by the decree of the Head of state dated March 27, 2019.

In particular, 3 separate structures for the production, transportation and sale of electricity were created on the basis of the former Uzbekenergo joint stock company. 7 million consumers are connected to the automated system for monitoring and accounting of electricity, and the collection of payments is provided by 100 percent. Foreign investors have been attracted to 19 projects for the construction of solar, wind and thermal power plants worth $ 7 billion.

At the same time, there is still a lot of work to be done on the formation of competition in the field, increasing the volume and quality of energy supply. In particular, about $20 billion of investments will be required in the coming years to modernize the energy system and fully meet the needs of economic sectors and the population. This requires the establishment of a competitive energy market and the creation of conditions for private investors.

In this regard, the issues of creating a new energy market management system were discussed at the meeting.

In order to create equal conditions for the connection of private generating enterprises, it is proposed to divide the powers of the joint-stock company "Uzbekistan Milli Electric Tarmoklari" for the purchase of electricity and management of backbone networks. At the same time, the single buyer company will buy electricity from all power plants on a contractual basis and sell it to large enterprises and enterprises of regional electric networks. And the operator of the backbone networks will be responsible for the transportation of electricity, loss reduction and technical management of the power system.

Next year, private electricity retail companies will be organized in 14 districts and cities as an alternative to Hududiy Elektr Tarmoklari JSC.

The meeting pointed to the need to accelerate the processes of transformation, financial recovery of enterprises and their transformation into companies capable of attracting direct investment. It was instructed to take measures to optimize the operating costs of industry enterprises, modernize power transmission lines.

The Government and industry leaders have been tasked with developing a training program for highly qualified personnel necessary for the implementation of this reform.