ROX Group and Cooperation Opportunities in Uzbekistan's Energy Sector
Drawing on its experience in implementing energy projects in Central Asia, the Vietnamese diversified group ROX Group is exploring opportunities for cooperation in Uzbekistan — at a time when the country's electricity demand is projected to exceed 120 billion kWh by 2030, requiring the expansion of generation capacity and the modernization of energy infrastructure.
ROX Group and prospects for cooperation in Uzbekistan's energy sector
ROX Group — a Vietnamese diversified group with 30 years of experience in investment, real estate development, urban areas, infrastructure, and energy — is consistently expanding its presence in foreign markets. Energy stands out as one of the key areas of this strategy.
In Kyrgyzstan, ROX Energy Global, a member of ROX Group, is developing the ROX Issyk-Kul solar power plant with a total design capacity of 1,900 MWp and an estimated investment volume of around 1.4 billion US dollars. The first stage with a capacity of 175 MWp will be connected to the national power grid from mid-2026, providing the country with additional volumes of electricity. In Mongolia, the group is also expanding cooperation in the energy sector, implementing battery energy storage system (BESS) and coal-fired generation projects.
The group's experience in various markets shows that cooperation in the energy sector is not limited to the development of generation, but also includes infrastructure and solutions that ensure the reliability of energy supply. These issues are also relevant for Uzbekistan, where electricity consumption continues to grow.
According to targets announced by the Ministry of Energy of Uzbekistan, the national electricity demand by 2030 could exceed 120 billion kWh — nearly double the 2020 level. Industrial growth and urban development place increasingly high demands on the power system in terms of both generation volume and the stability of its operation.
The response to this demand is not limited to building new power plants. Uzbekistan simultaneously needs to develop renewable energy, modernize transmission networks, enhance dispatch capabilities, and implement suitable energy storage solutions. This requires long-term financing, appropriate technologies, and practical implementation experience.
Cooperation with experienced international investors opens up an opportunity for Uzbekistan to attract additional resources across different stages of the energy value chain — from new generation to energy storage, network infrastructure, and operational support solutions. At the same time, experience from other markets yields real returns only when adapted to natural conditions, the legal framework, and the structure of the domestic market.