00:02Uzbekistan has signed six energy agreements worth $4.7 billion.
00:06They cover 3,000 MW of new generating capacity and 400 MW of storage.
00:12Investors come from Europe, Asia and the Gulf.
00:14President Mirziyoyev says previous projects have not always delivered electricity where it's needed.
00:20Future investments will be planned differently.
00:22This is because of the generation of renewable energy and tarmacs.
00:30This is because of the complex areas.
00:34New industries and data centers are putting further pressure on electricity demand.
00:39Uzbekistan's energy strategy is entering a new phase.
00:42By 2030, the government plans to expand the electricity network,
00:46build new substations and increase energy storage capacity.
00:50The first National Energy Master Plan through 2050 is also expected to provide investors
00:56with a clearer picture of future demand and infrastructure needs.
01:00The World Bank says stronger infrastructure is essential for economic growth.
01:05All of this will need energy, will need more generation,
01:08but will also need the transmission infrastructure and efficient distribution
01:13to power the future growth of the country.
01:16The International Finance Corporation, the World Bank Group's private sector arm, points to efficiency.
01:22In the energy sector, I think it's energy efficiency.
01:24This is still a highly energy-intensive economy.
01:28Nuclear power is another part of the expansion.
01:30The first plant, under construction in Zizakh with Russia's Rosatom,
01:34is designed to add 2,110 megawatts of generating capacity.
01:44Meanwhile, Britain's BP and Azerbaijan's Sokar are exporting for oil and gas.
01:50Another 128 blocks are being prepared for foreign investors.
01:53A new Energy Investors Council, chaired by Sayyida Mirziyoyeva, head of the presidential administration,
01:59will address obstacles involving land allocation and grid connections.
02:03Uzbekistan also plans to export renewable electricity towards Europe via Kazakhstan, the Caspian Sea and Azerbaijan.
02:09The proposed corridor remains at the feasibility stage.
02:14The proposed corridor remains at the feasibility stage.
