Uzbekistan Power Q3 2019
This quarter, we maintain our expectations for modest growth in Uzbekistan's power sector over the coming decadeowing to a limited project pipeline, outdated transmission infrastructure, and a mediocre business environment. Thisnotwithstanding, economic reforms undertaken by President Shavkat Mirziyoyev's administration as well as improving prospects forcloser cooperation among Central Asian states pose a notable upside risk over the medium to long term. Gas-fired generation isexpected to remain dominant over the foreseeable future, but we note that efforts to diversify the country's power mix are gainingsome traction.
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