Abstract:

The aim of the paper is to present the changes in the Uzbekistan energy market over the past few years. Uzbekistan is self-sufficient in terms of energy resources, the exploitation of which will last for many years. In 2019, the government adopted the "Concept Note ensuring electricity supply in Uzbekistan in 2020-2030" strategy, which announced the modernization of gas and coal power plants and the construction of new energy facilities, mainly photovoltaic. The projected increase in energy until 2030 assumes a 25% share in the production of renewable energy sources. A novelty in the work is the analysis of energy projects implemented until September 2021 in Uzbekistan. Its results show that the planned 25% share of renewable energy sources in the overall energy balance of Uzbekistan may not be achieved because financial resources from international sources have been allocated to the modernization of the existing gas and coal-fired power plants.