"The secret of success is to know something nobody else knows"

Aristotle Onassis

Meeting: June 11, 2019: Uzbekistan energy day — the cross-roads of Central Asia


This interactive discussion of the Brussels Energy Club addressed the topic of:

"Uzbekistan energy day — the cross-roads of Central Asia"

And took place on Tuesday June 11 2019, 12.30pm-4pm @ TUSIAD Avenue des Gaulois, 13, Brussels 1040


With special guest discussion openers: 

Fayzullah ShaismatovFayzullah Shaismatov


JSC Thermal Power Plants of Uzbekistan



Shukhrat ZiyaviddinovShukhrat Ziyaviddinov

Advisor to the Chairman of the Board


Republic of Uzbekistan



There is substantial "hype about" Uzbekistan amongst avid Central Asia watchers at present. Well-endowed with multiple mineral resources, the country has long been linked to energy producing states in Central Asia and the Caspian. This attracted some interest in the country from foreign investors right from the early days back in the 90s. That said, many investors had questions about Uzbekistan"s investment climate and large numbers tended to target "greener pastures" for long periods.

This situation appears different today, with the government finally addressing many investor concerns, chief among them being currency convertibility. Further reforms are also in place in favour of economic liberalisation while many of the key agencies of the state relevant for energy investments are being overhauled. Big foreign energy groups are rumoured to be seriously eyeing the country, with one executive recently telling us that "Uzbekistan is now really a country on the move"

In light of the above mentioned, the Brussels Energy Club was delighted to have this membership meeting on June 11 focused on the topic of "Uzbekistan energy day — the cross roads of Central Asia". We were also honoured to jointly organise this event with the Mission of Uzbekistan to the EU. Several speakers joined us from Uzbekistan in order to discuss the openings currently taking place within the country"s energy economy.

Uzbekistan remains a major source of energy supply in Central Asia and has much potential to produce larger volume, particularly in the sphere of renewables. Producing energy from renewable sources such as solar will help Uzbekistan advance the energy transition and this is something that deserves attention in Brussels, which has a tendency to overlook the country on occasions. Uzbekistan"s other major international partners, be they Russia with its multiple large scale energy projects in the country, or China with its Belt Road Initiative, tend to be on the front foot both in this country and in Central Asia more broadly. 


Program June 11, 2017: 12.30pm — 16.00 hours

  • Doors open from 12.30pm leading into arrival of invited guests
  • Lunch with Uzbek cuisine served from 12.30-1.30pm   
  • Setting out the debate by the Brussels Energy Club at 1.30pm
  • Opening remarks by H.E Dilyor Khakimov, Ambassador of the Republic of Uzbekistan to the EU
  • Presentations by speakers-energy experts from Uzbekistan
  • Roundtable discussion with members and guests of the Club (NB: the Chatham House Rule will apply).
  • Event ends with our traditional networking reception


Speaker information

Mr Fayzullah Shaismatov is an official of the government of Uzbekistan and an expert with substantial international experience in the sphere of energy and investment. He currently holds the position of Deputy-Chairman at the Joint Stock Company "Thermal Power Plants of Uzbekistan". Prior to this he held several senior positions at the State Committee of Investments of Uzbekistan, where he covered the energy and chemical sectors, as well as being responsible for long term investment strategy and improvement of the investment climate.

He also served in several senior positions at the National Bank for Foreign Economic Activity of Uzbekistan, where he covered credit portfolio planning and financial analysis. He is well grounded in the spheres of finance, investment and regulation as they apply to the energy sector in Uzbekistan and has been deeply involved in the overall of state institutions in order to promote economic liberalisation. He holds degrees in law as well as diplomacy from academic institutions in Uzbekistan and a further gradue degree from Ritsumeikan University, Japan.

Mr Shukhrat Ziyaviddinov was a project officer at the Green Growth and Global Relations Division of the OECD Environment Directorate where he has worked for the last 13 years. His last job at the OECD was with the Public Governance Directorate.

Before joining the OECD, Shukhrat worked for the EuropeAID (EC) and WHO in Tashkent and also held the position of PA to the Vice-Minister at the Uzbek Ministry of Foreign Affairs. He has a background in International Economic Relations and Law. Shukhrat is French-Uzbek and speaks English, Russian and French.

Since March 2019 he works for Uzbek Kapital bank where he is responsible for relations with foreign investors and infrastructure development projects.


Further information

Participation in the interactive discussion at TUSIAD venue will be free of charge for members and guests of the Brussels Energy Club. For more information please contact Ben McPherson on research@brusselsenergyclub.org.

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