TASHKENT, Uzbekistan, October 27. Uzbekistan plans to implement a single electricity trading platform before the end of 2024, Trend reports.
The platform is said to facilitate Uzbekistan's transition to a competitive energy market and attract investment in the industry.
Moreover, Uzbekistan plans to attract $7 billion of private investment to create an additional 9 GW of generating capacity. The total volume of necessary investments in the electric power industry is estimated at $52 billion.
The reform of the energy market is expected to be carried out in three stages and fully implemented by 2030 — significantly faster than the global average.
The necessary components for the effective work of the regulator were singled out separately: personnel training, the relationship with science, and digitalization. Leading specialists and foreign consultants will be involved in the work of the agency.
Meanwhile, Uzbekistan has made various revisions and additions to the country's customs regulations, including changes in energy consumption tariffs. Customs officials are now considered consumer firms, making them eligible for unique electricity supply conditions.
This modification attempts to ensure that customs offices have the resources they need to operate efficiently.