Uzbekistan creates Uzbekgidroenergo

Tashkent, Uzbekistan (UzDaily.com) -- President of Uzbekistan Shavkat Mirziyoyev signed a decree “On formation of joint stock company “Uzbekgidroenergo” on 19 May.

The decree was adopted in order to effectively use Uzbekistan’s hydropower potential, form a unified water and energy resources management system, and consistently increase the share of renewable hydropower resources in the structure of electric power production.

Uzbekhydroenergo is formed on the basis of hydroelectric power stations, hydrotechnical and other hydropower related units of JSC Uzbekenergo and the association Uzsuvenergo of the Ministry of Agriculture and Water Resources of Uzbekistan.

The new company will be part of the Cabinet of Ministers’ complex on geology, fuel and energy complex, chemical, petrochemical and metallurgical industries.

Uzbekhydroenergo will implement a unified technical policy in the field of electric power production at hydroelectric power stations, ensuring safe and efficient operation of hydraulic structures, as well as centralized technological management of hydropower facilities.

The company will develop and implement hydropower development programs based on the integrated development of hydropower potential and ensuring an increase in the share of hydropower in the structure of the energy balance of the republic.

The company will also implement investment projects for construction of new and modernization of existing hydroelectric power stations.

Uzbekenergo will purchase electricity, which produced by enterprises of Uzbekgidroenergy.

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