

The Government of Uzbekistan has been undertaking major reforms in the power sector. Sector oversight functions have been consolidated under the Ministry of Energy (MoE) that was established in February 2019. A subsequent decision was made in March 2019 to unbundle Uzbekenergo into separate Generation (“Thermal Power Plants” JSC), Transmission (“NEG Uz” JSC), and Distribution (“Regional Distribution Network” JSC) companies.


On January 19, President Shavkat Mirziyoyev chaired a videoconference executive session to discuss the system of ethical enlightenment works in Uzbekistan, interaction of public and social organizations in this process.




Funding source: World Bank Project Name: Modernization and upgrade of transmission substations Bid/Contract Reference No: MUTS/ICB/2016-14 Evaluation Currency: USD Procurement Method: International Competitive Bidding (ICB) Procurement Type: Goods


Project Name: Modernization and upgrade of transmission substations. Project Number: MUTS/ICB/2016





JSC «National Electric Grids of Uzbekistan» reports that by the decision of the Sole Shareholder dated July 26, 2019 No. 4, the company undertook an obligation, starting September 1, 2019 to comply with the recommendations of the Corporate Governance Rules for enterprises with state participation, approved by the inutes of the meeting of the Commission on improving the efficiency of joint stock companies and improving the corporate governance system dated April 20, 2018 №15.

As of October 1, 2019, the size of the authorized capital of Joint Stock Company «National Electric Grids of Uzbekistan» is 474 054 788 400.0 sums, divided into 4 740 547 884 ordinary shares with a par value of 100.0 sums. The sole shareholder of JSC «National Electric Grids of Uzbekistan» is the State Assets Management Agency of the Republic of Uzbekistan.

JSC «National Electric Grids of Uzbekistan» reports that by the decision of the Sole Shareholder dated August 27, 2019 No. 5, the Company undertook an obligation starting from October 1, 2019, to comply with the Corporate Governance Code, approved by the protocol of the meeting of the Commission on improving the efficiency of joint stock companies and improving the corporate governance system dated 12/31/2015. No. 9.

