Mirziyoyev Approves $357 Million PPP Project to Modernize Samarkand Power Grid

Quick summary

Uzbekistan's president has approved a $357 million public-private partnership project to modernise power grids in Samarkand. Turkish company AKSA Elektrik won the tender and is obligated to invest this sum over 12 years, including expansion and modernisation of the networks.

Why it matters

The project will affect power supply to Samarkand Region, one of Uzbekistan's largest consumer and industrial centres, which could impact electricity reliability for residents and businesses. The large-scale foreign investment in infrastructure signals capital attraction to critical sectors of the Uzbek economy.

Key takeaways

• ›President Mirziyoyev signed Resolution No. PP-295 on August 17, 2026, authorizing the Samarkand power grid PPP.
• ›Turkey's AKSA Elektrik Perakende Satış A.Ş. was selected as private partner via an IFC-supported international tender; its Uzbek subsidiary AKSA Samarqand Electricity Distribution LLC will execute the project.
• ›AKSA must inject $357 million in direct investment within 12 years, covering network expansion, modernization, reconstruction, and operational management of Samarkand Region's power supply infrastructure.