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The American-Uzbekistan Chamber of Commerce (AUCC) seeks to promote trade and investment ties, cultural exchanges and bonds of friendship between the United States of America and the Republic of Uzbekistan. In performing these functions, the AUCC places primary emphasis on serving the needs and interests of its members.
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Uzbekistan drafting law on alternative energy sources
Uzbekistan's Ministry of Economy, Academy of Sciences and Uzbekenrgo state joint-stock company will conclude the development of the draft law on alternative energy sources by the end of June.
A source in the government of Uzbekistan told Azerbaijan's Trend news agency last week that the bill, aimed at regulating relations in the area of production and use of alternative energy sources, is to be submitted to the government in early July and to the Uzbek parliament in September.
The draft law will contribute to the deepening of scientific and experimental researches in the field of alternative energy sources, the application of alternative energy in the conditions of Uzbekistan, setting up domestic production of advanced equipment and technology for this sector, rational use and saving of energy resources.
According to local experts, with the current tendencies and volumes of resource consumption, the natural gas and coal reserves in Uzbekistan will last only for the next 20-30 years, while oil reserves are almost depleted.
The potential of renewable energy sources in Uzbekistan amounts to about 51 billion tons of oil equivalent.
According to the source, the country's hydropower potential is 9.2 million tons of oil equivalent, while the potential of solar energy is 50.973 billion tons, wind potential 2.2 million tons and geothermal waters 0.2 million tons of oil equivalent.
The existing technologies allow generating the energy equivalent of 179 million tons of oil, which is triple the current annual production with the use of primary energy resources. They will also prevent emissions in the amount of 447 million tons of carbon dioxide, sulfur compounds, nitrogen oxide and other substances.
Presently 97 percent in Uzbekistan's structure of primary fuel and energy resources accounts for oil and gas, 2.3 percent coal and 0.7 percent hydropower.
It was earlier reported that Uzbekistan's President Islam Karimov issued a decree on the creation of International Institute of Solar Energy in Tashkent. It will be established with the assistance of the Asian Development Bank and other international financial institutions.
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