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Add to Preferred SourcesTaking the energy transformation of Uzbekistan to the next stage is the goal of an international roundtable organized by the European Bank for Reconstruction and Development, the World Bank Group, and the government in a virtual format.
Although rich in oil and gas reserves, Uzbekistan has embarked on an ambitious and far-reaching plan to reduce greenhouse gas emissions and eventually achieve carbon neutrality of the domestic energy sector by 2050.
The country plans to focus on the development of low-carbon energy sources including solar, hydro, and wind energy.
The EBRD has supported Uzbekistan in the development of a roadmap towards carbon neutrality. The Bank is providing technical support and assistance in financing, in particular, the development and implementation of projects for large-scale power plants based on renewables, the implementation of solutions for the modernization of the power grid, the decommissioning, modernization, and conversion of old power plants.
Uzbekistan has particular promising potential in the development of wind and solar power and the EBRD most recently signed some of the first private investments in the sector such as the solar photovoltaic plants in Nur Navoi and Samarkand.
The international roundtable under the title “Accelerating Renewable Energy Development for Clean Energy Transition in Uzbekistan” will discuss ways to scale up the deployment of renewable energy within the framework of the clean energy transition agenda of the government.
The event will examine the current status and future plans and draw on good practices on strategy, policy, regulations, technologies, private sector participation, and innovative financing mechanisms.
Topics to be raised will include progress, challenges, barriers, and new reforms in the renewables sector; how to create an enabling environment for renewables, including legal and regulatory framework and institutional responsibilities; the government’s plans for the transition to a competitive wholesale electricity market; clean energy transition and decarbonization of the energy sector, and many more.