BAKU, Azerbaijan, May 27. Multilateral Investment Guarantee Agency's (MIGA, a member of the World Bank Group) support for energy initiatives in Uzbekistan is expected to increase consumer access to cleaner power, a source from MIGA told Trend.
According to the source, MIGA’s support is expected to increase consumer access to cleaner power, by way of increasing generation capacity via modern, efficient, and reliable plants, given existing electricity shortfalls reflecting aging infrastructure and low efficiency rates on the existing plants.
“Focus on the renewable energy sources would help bring in additional green power into the country’s energy mix, which would have positive outcomes, including new job creation, access to power in underserved areas of the country, further energy efficiency, and economies of scale, among others,” the source noted.
In addition, the source emphasized that the agency is not only committed to supporting renewable energy projects in the solar and wind sectors of Uzbekistan but also in hydrospace.
“MIGA is committed to support foreign investors who would have developed proven, more efficient, and cutting-edge technologies and solutions to advance Uzbekistan’s green energy cooperation. This was already the case with the Sirdarya project which used cutting-edge CCGT technology,” the source from the agency added.
Meanwhile, Uzbekistan has joined the list of nations evaluated for their effectiveness in addressing climate change. The country stands in 48th place among 67 countries.
Hydropower remains the dominant renewable source in the electricity system, providing 1.85 GW of capacity, with other renewable sources accounting for no more than 1 percent. Overall, the share of renewable sources, including hydropower, is 8 percent of the energy balance.
