What’s New in the Latest Resolution of the President of the Republic of Uzbekistan No. RP-39 from February 3, 2025?

What’s New in the Latest Resolution of the President of the Republic of Uzbekistan No. RP-39 from February 3, 2025?

As part of the ongoing improvement of energy policy and optimization of project implementation processes in the energy sector, important changes have been introduced to several key resolutions. Here are the main highlights:

⚡️ Replacement of "National Electric Grid of Uzbekistan" with "Uzenergosotish":
In all relevant resolutions related to power plant construction projects, the organization's name "National Electric Grid of Uzbekistan" has been replaced with "Uzenergosotish." This change aims to standardize terminology and simplify interactions with international partners.

📝 Approval of Power Purchase Agreements:
In several resolutions (e.g., № RP-4807, № RP-4971, № RP-5018, etc.), provisions regarding power purchase agreements have been revised. They now clearly state: "The Power Purchase Agreement shall be approved."

💡 Adjustment of Power Plant Capacities:
In some projects, planned capacities have been adjusted. For example, in Resolution № RP-3, the capacity of a gas-piston power plant in the Syrdarya region was reduced from 400 MW to 200 MW.

🏦 Opening of Letters of Credit for Project Companies:
New resolutions (e.g., № RP-190 and № RP-191) provide permission for JSC "Uzenergosotish" to open confirmed and revolving letters of credit in foreign currency in favor of project companies. This ensures guarantees for fulfilling obligations related to electricity purchases.

🔄 Removal of Outdated Provisions:
Some provisions that are no longer relevant or duplicated have been removed. For instance, in Resolution № RP-106, a clause about engaging international consultants was deleted.

Why Is This Important?
These changes aim to enhance the efficiency of implementing energy projects, ensure transparency, and strengthen cooperation with international financial organizations. They also promote the development of "green energy" and the modernization of the country's infrastructure.

📌 Stay Tuned for Updates!
We continue to monitor all developments to keep you informed about important changes.

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