On what terms are the Samarkand electricity networks being transferred to Aksa?
A public-private partnership agreement with the Turkish company Aksa to modernize and manage the electricity grid in the Samarkand region has been approved by presidential decree. The private partner is committed to investing $357 million over 12 years, including at least $27 million in direct investment in the first 2 years. Aksa must modernize the grid and reduce losses, while the state guarantees the investor's income in accordance with the agreement.
On what terms are the electricity distribution networks of the Samarkand region being transferred to the Turkish company Aksa?
The presidential decree determined that the modernization and management of electricity distribution networks in the Samarkand region will be transferred to the Turkish company Aksa on a public-private partnership basis.
The document states the main objectives of this project as follows:
* Reducing state costs and reducing state participation in the economy by attracting a private operator.
* Providing consumers with uninterrupted electricity and improving the quality of service.
* Reducing annual energy losses in the electricity distribution networks of the Samarkand region: if the loss determined according to the results of a technical audit is in the range of 20–25 percent, then reduce it by 1.4 percent annually during the project period, and if it is in the range of 15–20 percent, then by 0.6 percent annually.
According to the results of the international tender, the tender winner was "AKSA Elektrik Perakende Satış A.Ş." (Turkey) for the financing, construction, management, maintenance and operation of the project "Modernization and management of electricity distribution networks in Samarkand region on the basis of public-private partnership".
The tender winner established "AKSA Samarkand Electricity Distribution" LLC (private partner) in Uzbekistan.
**Investment commitments**
On January 29, 2026, an agreement on state support was signed between the Ministry of Economy and Finance and the private partner on behalf of the tender winner. According to it, the tender winner and the private partner undertook to attract direct investment in the amount of 357 million US dollars in the Samarkand region during the first 12 years of the project period.
On January 29, 2026, a public-private partnership agreement was also signed between Regional Electric Networks JSC (state partner) and the private partner. According to it, the private partner: