Currency rates from 14/11/2024
$1 – 12808.03
UZS – 0.11%
€1 – 13612.37
UZS – 0.12%
₽1 – 130.15
UZS – -0.44%
Search
Economy 12/11/2024 Uzbekistan plans to export 10-15 Billion kWh of electricity by 2030

Uzbekistan plans to export 10-15 Billion kWh of electricity by 2030

Tashkent, Uzbekistan (UzDaily.com) — By 2030, Uzbekistan plans to export between 10 and 15 billion kWh of electricity abroad, according to Umid Mamadaminov, Deputy Minister of Energy, as reported by Spot.

Mamadaminov mentioned that the projected electricity demand for Uzbekistan by 2030 is expected to reach 120-125 billion kWh. At the same time, the total generation capacity of Uzbekistan's power plants will reach approximately 135 billion kWh.

Excess electricity is planned for export to Europe once the necessary infrastructure is established.
In the summer of 2024, Uzbekistan, Kazakhstan, and Azerbaijan signed an agreement on strategic cooperation for the development and transfer of "green" energy. The technical task for the preliminary feasibility study (preliminary FS) has been approved, and the Italian company CESI will carry out its development.

CESI is expected to complete its work by the end of 2025, after which the construction of a 2,500 km long high-voltage direct current (HVDC) transmission line, worth over $2 billion, will begin.

When asked about the price of the exported electricity, Mamadaminov stated that the price would be determined by market conditions and would be at least 4-5 cents per kWh.

In 2023, representatives of the energy ministries of Uzbekistan, Kazakhstan, and Azerbaijan discussed a project to supply "green" electricity through the Caspian Sea to consumers in the European Union.

In August 2024, it was decided to establish a joint venture for exporting "green" energy to Europe, with an office in Baku.
 

Stay up to date with the latest news
Subscribe to our telegram channel