Ministry of Energy (Uzbekistan)

One of the most important prerequisites for the development of modern Uzbekistan is the country's economic stability, which largely depends on achieving energy security. Development and liberalization of the economy are among the top five priorities of the country's development, as provided for in the Strategy for development of Uzbekistan for 2017-2021. An effective energy policy is the basis for improving the competitiveness of the national economy. In this regard, the energy sector is currently going through structural changes, modernization and diversification.

The Ministry of Energy of the Republic of Uzbekistan in its present form was established by the President’s Decree of 01.02.2019 “On measures to Radically Improve the Management System of the Fuel and Energy Industry of the Republic of Uzbekistan”. The Ministry of Energy regulates the production, transmission, distribution and consumption of electric and thermal energy, coal, as well as extraction, processing, transportation, distribution, sale and use of oil, gas and their products.

The Ministry of Energy has a number of objectives, including:

Regulation of the energy sector;
Implementation of production sharing agreements and supervision of their execution;
Development of PPP (public-private partnership) arrangements;
Improving the tariff policy to facilitate the formation of a competitive business environment, increasing and diversifying energy production;
Implementation of modern corporate governance in the energy sector, including taking into account the World Bank's proposal to optimize production processes.