OREANDA-NEWS. December 15, 2009. The Uzbekenergo state joint stock company held a seminar to explain the clauses of the new law on electric power industry. The heads of power producing enterprises and electric networks, as well as representatives of the ministries and other bodies participated in the event.

The new law on electric power industry entered in force on 30 September 2009. It establishes clear rues of regulation of relations in the field of electric power production, transmission, distribution, sale and consumption.

The adoption of the law creates a balanced legal system of management of the electric power industry and regulation of relations between the energy suppliers and consumers.

According to Uzbekenergo chairman of board B.Teshabayev, the country’s power system today fully satisfies the demand of the economy and the population in the electric energy, and part of the energy is exported.

The state policy in this area is aimed at ensuring energy safety of Uzbekistan and stable functioning of the single electric power system of the country.

Uzbekenergo is currently carrying out the reconstruction and modernization of the existing capacities and electric networks. The company unites 54 enterprises and organiztions.

38 investment projects worth over USD 3.5 billion the company is implementing are set to ensure the and stable balanced development of the power sector and increase the export potential.

Until 2011, Uzbekenergo plans introducing automated energy consumption control system at its enterprises and customers. This system should help reduce technological losses and use resources more rationally.