Uzbekistan Power Market - Growth, Trends, and Forecasts (2020 - 2025)

The market is segmented by Power Generation (Thermal, Hydropower, Renewables, and Nuclear), and Power Transmission and Distribution

Market Snapshot

Study Period:

2018-2025

Base Year:

2019

CAGR:

2.41 %

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Market Overview

Uzbekistan has emerged to be the largest producer of electricity in Central Asia, with a total installed capacity of more than 12,500 MW. The electricity generation grew at a CAGR of 2.41% during the period 2011-2018. About 85% of the country's capacity is generated by fossil fuel power plants, while the rest is provided by hydro facilities. The electricity consumption is expected to surge due to the high rate of industrialization and growth in the population, the demand for electricity is set to increase rapidly over the forecast period. The increasing demand for electricity is expected to drive the market over the forecast period. However, the country’s power sector has constantly struggled to meet the demands of a rapidly growing population and a developing economy, due to outdated infrastructure and inefficient management which is expected to restrain the growth of the market during the forecast period.

  • The thermal power generation sector dominated the Uzbekistan power market owing to a large number of thermal power plants present in the country.
  • The increase in the capacity of renewables and Nuclear generation capacity to decrease the carbon footprint is expected to render opportunity for the growth of the market over the forecast period.
  • The increasing industrialization and urbanization has been driving the power demand in the country. 

Scope of the report

The Uzbekistan power market report include:

Power Generation Scenario - by Fuel Type
Thermal
Overview
Key Project Information
Existing Projects
Planned and Upcoming Projects
Hydropower
Overview
Key Project Information
Existing Projects
Planned and Upcoming Projects
Renewables
Overview
Key Project Information
Existing Projects
Planned and Upcoming Projects
Nuclear
Overview
Key Project Information
Planned Projects
Power Transmission and Distribution Scenario
Overview
Projects
Planned and Upcoming Projects

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Key Market Trends

The Thermal Power Generation to Dominate the Market

  • Uzbekistan power generation mix involves thermal power plants with total capacity of 10.6 GW producing up to 90% of the total production of electricity. In the structure of primary energy used in thermal power plants for the production of electricity and heat, the share of gaseous fuels account for 94 %, Fuel oil 2%, and coal accounting for ~4%.
  • Furthermore, according to the ministry of energy, the increasing demand of electricity would require the government to at least double the existing power generation capacity till 2030, since 80% of the current generating units are outdated and obsolete, with an average age of more than 30 years, so most of the existing power plant would require decommissioning.
  • The government in a bid to reduce the burden on the government budget for the construction of new power plants is promoting private investment in the power sector.
  • A majority of the new capacity is expected to come up from the thermal power plants which is expected to drive the Uzbekistan power market during the forecast period.

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Increasing Demand for Electricity Due to Industrialization to Drive the Market

  • The growth in the economy has fostered the number of new industries entering the processing, textiles, agriculture, manufacturing, and metallurgy markets. Due to the high rate of industrialization and a growth in the population, the demand for electricity is set to increase rapidly over the forecast period. The increasing demand of electricity is expected to drive the market over the forecast period
  • According to the official report from the Ministry of Energy, over the next five years, more than USD 2.8 billion will be required to upgrade the existing infrastructure, and to further add to the power generation capacity, it will expectedly cost as much as USD 14.4 billion.
  • The government, in a bid to reduce the pressure on the state budget, has been emphasizing on reforming the power sector.  Furthermore, to enhance the flow of technology and know-how into the country, the government is looking forward to attract foreign investment in the power sector, which is expected to provide significant growth opportunities. 
  • Additionally, the country has been a major supplier of electricity to Afghanistan and, in a bid to strengthen the ties and remove the vulnerability of price fluctuations, officials from Afghanistan and Uzbekistan signed an agreement in September 2019. 
  • With this agreement, the demand for electricity is expected to rise further, creating an additional demand for power and is expected to drive the Uzbekistan power market over the forecast period.

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Competitive Landscape

The Uzbekistan power market is fragmented. The key players in this market Mitsubishi Heavy Industries Ltd, Masdar Clean Energy Company, Helios Energy Ltd, SkyPower Ltd, Federal Hydro-Generating Co RusHydro PAO and others.

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Table Of Contents

  1. 1. INTRODUCTION

    1. 1.1 Scope of the Study

    2. 1.2 Market Definition

    3. 1.3 Study Assumptions

  2. 2. EXECUTIVE SUMMARY

  3. 3. RESEARCH METHODOLOGY

  4. 4. MARKET OVERVIEW

    1. 4.1 Introduction

    2. 4.2 Uzbekistan Electricity Generation in TWh, till 2018

    3. 4.3 Uzbekistan Primary Energy Consumption, by Fuel Type, in MTOE, 2018

    4. 4.4 Recent Trends and Developments

    5. 4.5 Government Policies and Regulations

    6. 4.6 Market Dynamics

    7. 4.7 Drivers

      1. 4.7.1 Drivers

      2. 4.7.2 Restraints

    8. 4.8 PESTLE Analysis

  5. 5. MARKET SEGMENTATION

    1. 5.1 Power Generation Scenario - by Fuel Type

      1. 5.1.1 Thermal

        1. 5.1.1.1 Overview

        2. 5.1.1.2 Key Project Information

          1. 5.1.1.2.1 Existing Projects

          2. 5.1.1.2.2 Planned and Upcoming Projects

      2. 5.1.2 Hydropower

        1. 5.1.2.1 Overview

        2. 5.1.2.2 Key Project Information

          1. 5.1.2.2.1 Existing Projects

          2. 5.1.2.2.2 Planned and Upcoming Projects

      3. 5.1.3 Renewables

        1. 5.1.3.1 Overview

        2. 5.1.3.2 Key Project Information

          1. 5.1.3.2.1 Existing Projects

          2. 5.1.3.2.2 Planned and Upcoming Projects

      4. 5.1.4 Nuclear

        1. 5.1.4.1 Overview

        2. 5.1.4.2 Key Project Information

          1. 5.1.4.2.1 Planned Projects

    2. 5.2 Power Transmission and Distribution Scenario

      1. 5.2.1 Overview

      2. 5.2.2 Projects

      3. 5.2.3 Planned and Upcoming Projects

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Company Profiles

      1. 6.2.1 QISHLOQENERGOLOYIHA

      2. 6.2.2 Mitsubishi Heavy Industries Ltd

      3. 6.2.3 Masdar Clean Energy Company

      4. 6.2.4 Helios Energy Ltd

      5. 6.2.5 SkyPower Ltd

      6. 6.2.6 Federal Hydro-Generating Co RusHydro PAO

      7. 6.2.7 Rosatom Corp.

    3. 6.3 List of Organizations/Agencies Involved in the Market

  7. *List Not Exhaustive
  8. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

** Subject to Availability

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