Friday, 16, October, 2026

Uzbekistan plans to extend private-sector involvement in electricity distribution networks to Jizzakh and Tashkent provinces, President Shavkat Mirziyoyev said at an open dialogue with investors in the fuel and energy sector.

He said the approach launched in Samarkand province will be continued elsewhere, with the aim of reducing electricity losses and improving service quality for consumers.

The rules for applying tax incentives to energy storage projects will also be clarified. Current law provides 10-year breaks on land and property taxes for such projects, but differing interpretations have arisen in applying them.

The Tax Code will therefore state explicitly that the incentives cover not only the sites holding batteries or solar panels but also the substations, control buildings and auxiliary infrastructure the projects need.

Private investment will also be sought to modernize social-sector facilities and water-sector pumping stations with energy-saving technologies. Investors will be able to earn income from the energy saved and from carbon credits.

“The cheapest energy is the energy saved,” Mirziyoyev said.

He noted strong demand in energy projects for copper products, cables, transformers, metal structures and construction materials, and said local companies can compete on quality, price and standards.

Mirziyoyev also said at the meeting that a National Master Energy Plan-2050 will be drawn up. A map of grid connection opportunities will be presented by March 1 next year, and the full master plan by July 1.

It was reported in August 2026 that Samarkand province’s electricity distribution networks would be handed to Turkey’s Aksa Elektrik, which won an international tender. The company will invest in modernizing the networks and building new infrastructure.

Latest in National