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Uzbekistan loses $6B annually due to shortage of electricity

Oil&Gas Materials 2 April 2019 14:34 (UTC +04:00)

Baku, Azerbaijan, April 2

By Fakhri Vakilov – Trend:

The Asian Development Bank has calculated that Uzbekistan’s economy annually loses $6 billion due to a shortage of electricity, Trend reports with reference to Deputy Minister of Energy Sherzod Khadzhaev.

Sherzod Khadzhaev reminded that in March, Uzbekistan adopted a strategy for the further development and reform of the electricity sector in Uzbekistan.

He stated that the implementation of the strategy will make it possible to generate and transmit as much electricity as is required by the branches of the economy.

“However, Uzbekistan currently does not have this safety margin,” he said.

Khadzhaev added that this document also aims to cover peak loads, which implies a certain margin of safety.

After 10 years, the country should have at least 20 percent of additional generating capacity to cover peaks.

Khadzhaev stressed that the ministry of energy would try to reduce power outages to zero.

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