1711/18

UZBEKISTAN TO ESTABLISH THE MINISTRY OF ENERGY

The Ministry of Energy will be founded in Uzbekistan in the near future, Kun.uz correspondent reports with reference to the presidential decree.

Shavkat Mirziyoyev ordered the Commission to reform the electric power industry, which is headed by the Prime Minister Abdulla Aripov, to prepare a draft presidential decree on the formation of the Ministry of Energy by December 15, 2018. The organization and regulation of the activities of fuel and energy complex of Uzbekistan will be entrusted to the PM.

In addition, before March 1, 2019, the Commission should present a modern scheme for organizing the production, transportation, distribution and sale of electric energy. It should attract foreign direct investment enterprises for the production and distribution of electric energy in Uzbekistan on a public-private partnership basis.

At the same time, full state control over the transportation of electricity will be maintained with the gradual formation of a modern wholesale electricity market based on competitive procurement of products directly from generating establishments.

In the coming years, the domestic electric power industry will encounter major changes.