Aksa Enerji Plans to Manage Power Grids in Three Uzbek Regions

Tashkent, Uzbekistan (UzDaily.uz) — Türkiye’s Aksa Enerji plans to sign agreements within a week to take over the management of electricity distribution networks in Uzbekistan’s Tashkent, Jizzakh and Syrdarya regions. The company’s chairman of the board, Jemil Kazanci, announced the plans following a meeting with President Shavkat Mirziyoyev on 16 October.

Kazanci said the company intended to expand its operations in Uzbekistan, building on its existing involvement in managing electricity networks in Samarkand Region.

The main objectives of the new projects are to modernise distribution infrastructure, reduce electricity losses and lower the cost of electricity supply.

During the meeting with Mirziyoyev, the parties discussed expanding cooperation and Aksa Enerji’s participation in the technological modernisation of Uzbekistan’s energy sector.

Following the talks, they agreed to accelerate work on specific projects.

Kazanci said the company would study the initiatives proposed during the meeting and submit its own proposals. He added that Aksa Enerji intended to conclude its current visit by signing concrete agreements.

Aksa Enerji has already built four power plants in Uzbekistan at a total cost of US$750 million. It now plans to expand its presence in the local market to include electricity and gas distribution.

The company’s first regional electricity network management project in Uzbekistan was launched in Samarkand Region. In November 2025, the Ministry of Economy and Finance announced that Aksa Enerji had won an international tender to manage the region’s electricity distribution infrastructure. The project is being implemented under a 30-year public-private partnership.

Under previously announced plans, Aksa Enerji intends to invest up to US$1 billion in modernising Samarkand’s electricity networks.

The private partner is required to invest at least US$350 million during the first 10 years of the project and at least US$27 million in the first two years after the networks are transferred for management. It must also ensure that electricity losses are reduced.

The electricity networks will remain state-owned. Under the agreement, the private partner assumes responsibility for managing and modernising the infrastructure but does not acquire ownership of the assets.