- Uzbekistan implemented market-oriented reforms and discussed the next phase of economic development strategy with international financial institutions.
- Uzbekistan's President outlines the national energy targets and investment strategy, focusing on solar and battery energy projects in the Kashkadarya region with companies like Masdar and ACWA Power.
Uzbekistan Establishes Investors Council to Accelerate Energy Projects
What happened
On October 16, 2026, President Shavkat Mirziyoyev announced the establishment of an Investors Council for the fuel and energy sector in Uzbekistan. The Council, which is headed by Saida Mirziyoyeva, will work to resolve challenges faced by investors at every stage of project implementation, from land allocation to commissioning. Companies, including ACWA Power, proposed addressing these issues through regular dialogue with government authorities.
From trend.az
Why it matters
The Council is designed to address the substantial investment and complex infrastructure needs of the energy sector. By resolving issues such as delays in land allocation or grid connection, the initiative could accelerate large-scale energy projects in the country.
Uzbekistan is outlining national energy targets and investment strategies, with a specific focus on solar and battery energy projects in the Kashkadarya region.
From trend.az
Who's involved
- ACWA PowerProposed addressing energy sector challenges through regular dialogue with government authorities
- UzbekistanEstablished the Investors Council to address investor challenges and accelerate energy projects
- Shavkat MirziyoyevAnnounced the decision to establish the Investors Council for the fuel and energy sector
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- ACWA PowerSpeculative
ACWA Power might see faster project commissioning, potentially improving revenue streams and reducing costs.
- UzbekistanSpeculative
Uzbekistan might attract greater capital investment into its energy infrastructure due to improved regulatory certainty.
Keep exploring
The entities involved
-
ACWA Power
Saudi power and water utility company
-
Uzbekistan
sovereign state in Central Asia
-
Shavkat Mirziyoyev
President of the Republic of Uzbekistan