National Electric Grid of Uzbekistan

What National Electric Grid of Uzbekistan does

National Electric Grid of Uzbekistan (O'zbekiston milliy elektr tarmoqlari AJ) is a state-owned joint-stock company established in 2019 through the restructuring of the former O'zbekenergo DAK, operating as the sole national high-voltage electricity transmission system operator of Uzbekistan. The company manages and develops the country's main electric networks operating at 35, 110, 220, and 500 kV voltage levels, including substations and associated grid management systems, transmitting electricity between generation sources and distribution utilities rather than selling directly to end consumers. Its infrastructure footprint comprises a central headquarters in Tashkent and 16 regional branches across provinces including Jizzakh, Surkhandarya, Khorezm, Namangan, Fergana, and Andijan, supported by 8 wholly-owned subsidiaries covering engineering, construction, trade, and grid services.

The company's core product is regulated electricity transmission services billed under state-set tariffs to government-owned distribution utilities (Regional Electric Networks) and power generation counterparties (Thermal Power Plants, plus IPPs such as ACWA Power and Masdar). Beyond transmission, the company executes grid construction, modernization, and reconstruction works, and operates a Technical Conditions Portal (portal.uzbekistonmet.uz) for digital processing of grid connection requests. In 2025, the network transported 78.1 billion kWh of electricity (up from 74.0 billion kWh in 2024), and the company is implementing 7 major investment projects in 2025 ($663.86 million) and 7 in 2026 ($545.77 million) financed by international financial institutions including EBRD, ADB, World Bank, and AIIB.

The sole shareholder is the Agency for Management of State Assets of the Republic of Uzbekistan, with oversight from the Ministry of Economy and Finance. The Supervisory Board is chaired by the Deputy Prime Minister/Minister of Economy and Finance. The company prepares IFRS financial statements audited by Ernst & Young and is named among 12 state-owned enterprises planned for privatization via IPO between 2025 and 2028. The broader strategic agenda includes integrating large-scale renewables (Bash II 300 MW wind farm, Guzar 300 MW solar + 75 MWh storage) toward a national target of 54% renewable energy by 2030, supported by over $3 billion in planned infrastructure investment.

Name

National Electric Grid of Uzbekistan

Legal name

Joint-Stock Company "National Electric Grid of Uzbekistan" ("O'zbekiston milliy elektr tarmoqlari" aksiyadorlik jamiyati)

Website

https://uzbekistonmet.uz

Company type

Private

Founded year

2019

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

National Electric Grid of Uzbekistan is the state-owned monopoly operator of Uzbekistan's high-voltage electricity transmission grid (35-500 kV), transporting bulk power between generation companies and state-owned distribution utilities across 16 regional branches and serving government-led renewable energy integration.

Ownership category

akta.pro rank

Product category

Electricity Transmission Services

NAICS

Electric Power Transmission, Control, and Distribution (22112), Electric Bulk Power Transmission and Control (221121)

SIC

Electric Services (4911), Electric, Gas & Sanitary Services (4900)

akta.pro primary industry

HVAC Transmission Lines (EHV/UHV Overhead & Underground) (EUADAAAD)

akta.pro secondary industry

Transmission Substations & High-Voltage Switchyards (EUADAAAF)

Keywords

• Electricity transmission services
• High-voltage grid operations
• Power infrastructure transmission
• Grid modernization services
• National transmission network

Headquarters

HQ city

Tashkent

HQ country

Uzbekistan

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Personnel, Operations, Technology or R&D

Revenue model

1. Electricity Transmission Services: The company transmits electricity through its high-voltage transmission network and charges regulated tariffs for transportation of electricity. It does not sell electricity directly to end consumers but provides transmission services to distribution companies and power generators.

Distribution channels1 record

Marketing channels3 records

Core offering

The National Electric Grid of Uzbekistan operates the country's high-voltage electricity transmission network at 35-110-220-500 kV voltage levels, transporting electricity from power generators to distribution utilities. As a regulated state-owned monopoly, the company transmits electricity through trunk networks and substations under regulated tariffs, while also providing grid construction, modernization, reconstruction services, and digital grid connection services through its Technical Conditions Portal.

Product overview

National Electric Grid of Uzbekistan (O'zbekiston milliy elektr tarmoqlari) is a state-owned joint-stock company providing electricity transmission services through high-voltage networks (35-110-220-500 kV) across Uzbekistan. The company's core product is electricity transmission and grid infrastructure services, supplemented by grid construction, modernization, and connection services. The company also operates a Technical Conditions Portal for digital service delivery to grid connection requests.

Differentiator

Problem solved

Functional benefit

Products and services

• Electricity Transmission Services Transmission and transportation of electricity through high-voltage electrical networks and substations operating at 35-110-220-500 kV voltage levels. The service is provided to government-owned distribution utilities, thermal power stations, and renewable energy generators under regulated tariffs. In 2025, the company transported 78.1 billion kWh.
• Grid Network Construction and Modernization Execution of construction, modernization, and reconstruction works on trunk electrical networks to improve grid capacity and reliability. In 2026, the company is implementing 7 major investment projects with international financial institution funding, and the broader Uzbekistan strategy targets over $3 billion in power infrastructure investment.
• Grid Connection Services Technical services for connecting entities (generators, distribution companies, industrial consumers) to the high-voltage transmission system, including application processing and coordination with authorized project organizations.
• Technical Conditions Portal Online digital portal (portal.uzbekistonmet.uz) for obtaining technical specifications and conditions required for grid connection requests, providing digital service delivery for technical applicants seeking access to the transmission system.

Quantifiable outcome

• Electricity losses reduced by 3–5% at upgraded facilities under ADB distribution modernization program (2028 target)
• +2 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Three partnerships are on record, tiered core.

• ACWA PowercoreStrategic or Co-development PartnerACWA Power is developing the Bash II 300 MW Wind Farm in southwestern Uzbekistan under a 25-year power purchase agreement with the National Electric Grid of Uzbekistan. The project will supply electricity to over 336,000 households and avoid approximately 475,000 tonnes of CO2 emissions annually, supporting Uzbekistan's renewable energy and decarbonization targets for 2030.
• Aero' «Regional Electrical Networks»coreOthersState-owned regional distribution company operating under the same government ownership structure. Listed as an affiliated party for transactions in the normal course of business.
• Aero' «Thermal Power Stations»coreOthersState-owned thermal power generation company. Listed as an affiliated party conducting transactions in the normal course of business under the same government ownership structure.

Scale indicators6 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• KEGOC (Kazakhstan Electricity Grid Operating Company): Kazakhstan's national transmission system operator, KEGOC runs the high-voltage backbone of Kazakhstan's grid under a regulated monopoly model—directly comparable to NEG in geography, regulatory structure, asset class, and customer base (state-owned distribution utilities and IPPs).
• National Electric Grid of Kyrgyzstan (NESK): State-owned transmission system operator of Kyrgyzstan, operating high-voltage lines across the country. Highly comparable regional peer in Central Asia with similar Soviet-era infrastructure legacy and state-monopoly structure.
• Barqi Tojik (Tajikistan's national power utility): Tajikistan's state-owned vertically-integrated power utility, which also operates the high-voltage transmission network. Comparable as a Central Asian state-owned TSO with similar infrastructure profile and reliance on international development financing.

Regional players

• Energo-Pro Georgia: Czech-owned transmission and distribution operator active in Georgia and other Black Sea/Caucasus markets—comparable regional transmission utility operating under similar regulatory frameworks and serving government and industrial customers.

Broad incumbents

• National Grid plc: UK-listed regulated transmission system operator with extensive high-voltage networks in the UK and US. A broad-incumbent benchmark for regulated transmission utility valuation, capital deployment, and renewable integration strategy.
• TenneT Holding B.V. Major European TSO operating high-voltage transmission networks in the Netherlands and Germany. Relevant comparable for EHV/UHV grid operations, cross-border interconnection, and offshore wind integration at scale.
• RTE (Réseau de Transport d'Électricité): French state-owned transmission system operator, the largest TSO in Europe—comparable as a state-owned monopoly transmission operator with a regulated asset base and a central role in national energy transition.
• State Grid Corporation of China (SGCC): The world's largest utility and operator of China's ultra-high-voltage transmission network. Comparable as a state-owned TSO with similar scale ambitions for EHV/UHV infrastructure and renewable integration.
• Inter RAO UES (Russia): Russian state-influenced electricity holding with transmission and trading operations across the CIS—comparable regional incumbent with similar post-Soviet operational legacy and Central Asian interconnection.

Emerging players

• CAISO (California Independent System Operator): Independent system operator managing California's transmission grid and integrating high renewable penetration. Relevant comparable for operating a grid with rapidly rising variable renewable input.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/uzbekistonmet
• YouTubeyoutube.com/channel/UC6cRpsasTIKnReaCXXqccdg
• Facebookfacebook.com/elektrtarmoq
• Instagraminstagram.com/uzbekistonmet.uz
• LinkedInlinkedin.com/company/jsc-national-electric-grid-of-uzbekistan

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries8 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about National Electric Grid of Uzbekistan