Tashkent City Congress Hall hosted a presentation of JSC Thermal Power Plants.

The event, dedicated to the reforms in the field of electricity production in Uzbekistan over the past five years, the effectiveness of investment programs, the transformation process and long-term objectives for 2022-2026, was held within the framework of Uzbekistan Economic Forum on “Uzbekistan: Achievements of Economic Reforms and Outlines”.

Thanks to the direct efforts of the Head of the state, we are witnessing positive changes in the country’s electricity industry. For example, if until 2016 the total capacity of newly introduced modern equipment in the industry was 505 MW (5.45% of the total production capacity), then as a result of investment projects implemented in 2017-2021, 3204 MW of new capacities were additionally commissioned. The total capacity of energy-efficient, the most modern energy-saving equipment reached 3709 MW (31.7% of the total capacity of thermal power plants).

According to JSC Thermal Power Plants Press Service, Over the past five years, new installations have been introduced at Talimarjan, Tashkent, Navoi, Takhiatash stations. Two stages of modernization of units have been completed in Syrdarya, and final work is underway. Turakurgan station was built, and modern gas turbine equipment was put into operation in Fergana Thermal Power Plant to ensure the welfare of the population of Fergana Valley. In total, $4.75 billion were spent on the implementation of these projects.

This has served the new devices to consume half the fuel, as well as reduce the cost of the product.

As a result of the introduction of energy-efficient installations, 3.8 billion cubic meters of natural gas worth 1.5 trillion UZS were saved.

The participants of the presentation were introduced to the transformation process of JSC Thermal Power Plants and promising tasks for 2022-2026.

It should be noted that in this direction, work is underway with international consulting companies KPMG and Deloitte, which are part of the group of audit companies of the “Big Four”. The analysis of the work carried out by international partners will help bring the company’s activities to a new level.

Measures were taken to implement International Financial Reporting Standards (IFRS), and training courses were organized for about 50 accountants to achieve internationally recognized ratings.

Measures are being taken to ensure the implementation of the Decree of the President of the Republic of Uzbekistan “On additional measures to improve the anti-corruption system in the Republic of Uzbekistan” of June 29, 2020, as well as openness and transparency of the company’s activities. Meanwhile, following the training, the certificate of the international standard ISO 37001:2016 from the Cert Academy Group was awarded to the representatives of the Central Office of JSC Thermal Power Plants.

Work is underway to effectively organize the Digital Uzbekistan 2030 Strategy and Digital Transformation Program with international and local partners such as X Holding, Mars Solutions, SAP CIS and SAPRUN.

The presentation was attended by representatives of such authoritative international companies as the EBRD, Mitsubishi Corporation, KPMG. Views were exchanged on the development of thermal power plants in Uzbekistan.

UzA