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06 February 2019

Attracting investment in the fuel and energy industry

In the fuel and energy sector, private investment will be attracted through public-private partnerships, this is provided for by the Presidential Decree “On measures to fundamentally improve the management of the fuel and energy sector of the Republic of Uzbekistan.”

The newly-formed Ministry of Energy has been instructed to increase the investment attractiveness of the fuel and energy sector by developing public-private partnerships, improving the tariff policy, and encouraging the formation of a favorable competitive and business environment in the energy market.

The ministry will also coordinate the implementation of investment projects in the fuel and energy industry, the active involvement of private capital in the process of extracting and producing energy resources.