Uzbekistan energy storage power purchase price

What is the growth rate of Uzbekistan power market?

The Uzbekistan Power Market is growing at a CAGR of greater than 2.41% over the next 5 years. Mitsubishi Heavy Industries Ltd, Masdar Clean Energy Company, Helios Energy Ltd, SkyPower Ltd and Federal Hydro-Generating Co RusHydro PAO are the major companies operating in this market.

How much electricity does Uzbekistan generate a year?

In November 2022, Uzbekistan set up a new power plant in Khovos, Syrdaryo, to increase its generating capacity. The Ministry of Energy mentioned that this plant can generate up to 1.7 billion KWh of electricity every year. According to BP's statstical review 2022, Uzbekistan genrated 70.1 Gwh of electricity in 2021.

Why is Uzbekistan so energy-intensive?

Uzbekistan remains one of the most energy-intensive economies in the world. Energy use is largely based on fossil fuels, although the country has significant RE potential in solar and wind. Natural gas makes up to 83 percent of total primary energy consumption and more than 80 percent of the electricity mix.

Will Uzbekistan's new power plant expand its generating capacity?

In November 2022, Uzbekistan unveiled a new power plant that will extend its generating capacity. According to the Ministry of Energy, the power plant constructed in the Syrdaryo province's Khovos district will have the capacity to generate up to 1.7 billion KWh of electricity annually once it is fully operational.