Uzbekistan Power Report Q2 2018
We hold our relatively bearish forecast for Uzbekistan's power sector over the coming decade due to limited projectpipeline, outdated transmission infrastructure and unattractive business environment. However, economic reforms undertakenby President Shavkat Mirziyoyev's administration as well as improving prospects for closer cooperation among Central Asian statespose a notable upside risk over the medium to long term. We expect gas-fired generation to remain dominant in the power sector aslarge domestic gas reserves and production volumes offer little incentives to diversify the country's power mix.
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