Ministry of Energy (Uzbekistan)

On February 1, 2019 The President of Uzbekistan signed the decree and resolution on the establishment of a new Ministry of Energy.  The main tasks of the new Ministry are: To develop and implement a single state policy in the Oil & Gas and Power industry aimed to ensure the country’s energy security; To provide a sustainable supply to industries and consumers of fuel and energy resources, wide promotion and development of renewable energy sources; To implement state regulation of the production, transmission, distribution and consumption of electric and thermal energy and coal, as well as the extraction, processing, transportation, distribution, sale and use of Oil & Gas and their products; To implement a single regulatory and technical regulation of the power sector in Uzbekistan; To create and develop a balanced system of strategic planning and development of the Oil & Gas and Power complex, increasing and diversifying the production of energy resources; To increase the investment attractiveness of the fuel and energy industry through the development of PPPs; To improve the tariff policy stimulating the formation of a favorable competitive and business environment in the energy market; To coordinate the implementation of investment projects in the fuel and energy industry; To involve private capital actively in the processes of extracting and producing energy resources, establishing cooperation with international financial institutions, donor countries, companies, banks and other structures.  In addition, as the authorized state agency, the Ministry is responsible for the implementation of: Production sharing agreements on issues related to its main activities; A unified state policy in the use of renewable energy sources; A unified state policy and strategic directions in the development and use of nuclear energy; Modern energy-efficient and energy-saving technologies in government agencies and organizations, as well as monitoring the efficiency of energy consumption.  In this regard, the “National Energy Saving” company is to be liquidated. The following institutions previously subordinated to the Cabinet of Ministers were transferred to the structure of the Ministry of Energy:  Atomic Energy Development Agency - Uzatom; Inspectorate for the control of the use of petroleum products and gas (previously – the State Inspectorate for the control of the use of petroleum products and gas); Inspection on control in electric power industry (previously – the State inspection on supervision in electric power industry).