Mirziyoyev says Uzbekistan crucially needs guaranteed and stable energy resources

Uzbekistan crucially needs guaranteed and stable energy resources to achieve its ambitious goals, President Shavkat Mirziyoyev said in his speech at the ceremony dedicated to the launch of large joint projects in the field of "green" energy.

"According to our calculations, the demand for electricity in our country is expected to increase from the current 83 billion to 120 billion kilowatt hours in the next six years. First of all, we will cover this at the expense of renewable energy," the head of state said, Caliber.Az reports citing Uzbek media.

Mirziyoyev noted that the authorities have set a goal of doubling the volume of industry by 2030 and bringing sectors such as metallurgy, petrochemicals and engineering to a new level of quality.

"We plan to implement more than 500 large-scale industrial and infrastructure projects worth $150 billion," he said.

According to the head of state, Uzbekistan is constantly looking for ways to mitigate the negative effects of climate change and supports the agreement reached by the world's countries at the recent UN Climate Change Conference (COP28) in Dubai to triple green energy production.

"Uzbekistan fully supports this topical initiative and will consistently continue its active investment policy to increase green energy sources to 27 gigawatts by 2030," he said.

Uzbekistan is currently working on projects to build 22 solar and wind power plants with a capacity of 9 gigawatts.

"There is a huge potential for green energy in our country. We must make productive use of this great gift from the Creator and direct it to the benefit of the people," the president continued.

To stimulate this sector, the "Sunny House" scheme has been set up to provide low-cost loans and subsidies for the installation of solar panels and guaranteed purchase of the electricity generated. This year, 50,000 households and entrepreneurs have installed solar panels in the country. In total, there are more than 7 million households, he said.

"Uzbekistan is taking the first steps to supply green energy to Asian and European markets in the future by adopting concrete plans and acting decisively," the head of state added.