BAKU, Azerbaijan, July 14
By Ilkin Seyfaddini - Trend:
Uzbekistan plan to sign an agreement with the German government on the establishment of the Energy Efficiency Fund for residential buildings and attracting preferential financing in the amount of 100 million euros, Trend reports citing the local Kun.uz news agency.
Negotiations with the German government on allocation of preferential financing for creation of the fund are planned to be held by the end of 2020.
In addition, it is planned to attract funds from the World Bank in the form of a soft loan of $143 million to improve energy efficiency of social facilities.
The president of Uzbekistan also approved the structure of the Inter-sectoral Energy Saving Fund.
The Fund's resources will be used to finance feasibility study of energy efficiency projects, participation in formation of statutory funds of manufacturing enterprises and projects of enterprises producing renewable energy units, energy audit of business entities and implementation of measures to support the development of renewable energy sources.
Earlier, Government of Uzbekistan approved the Concept of providing the country with electricity for 2020-2030. The strategic goal of the document is to provide the population and economy of Uzbekistan with electricity at competitive prices, develop a balanced energy sector, covering the best international practices and current trends in the global power industry.
It is planned to increase electricity production from 5,900 MW to 29,200 MW by 2030. The share of thermal power plants using natural gas is planned to be increased to 45 percent (13,400 MW); thermal power plants using coal to 5.9 percent (1,700 MW); hydro power plants to 13.1 percent (3,800 MW); the share of wind power plants to 10.4 percent (3,000 MW); photovoltaic power plants to 17.3 percent (5,000 MW) and nuclear power plants to 8.3 percent (2,400 MW).
In addition, it is planned to reduce the consumption of natural gas from 16.5 billion cubic meters to 12.1 billion cubic meters, while the annual volume of coal combustion will increase from 4.1 million tons to 8.5 million tons.
It is also planned to reduce losses in electricity transmission to 2.35 percent and distribution losses to 6.5 percent (1.85 times less than in 2019).
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