IMPLEMENTATION OF THE PRINCIPLES OF MODERN CORPORATE MANAGEMENT IN THE ENERGY SYSTEM
Keywords:
Corporate Governance, Energy Sector Reform, Sustainable Energy Practices, Transition to renewable energy sources, Energy investmentsAbstract
The introduction of modern corporate management principles to the energy sector of Uzbekistan is aimed at increasing transparency, accountability and efficiency in the sector for sustainable development and attracting foreign investments. Recent reforms include establishing independent councils, improving the regulatory framework, and moving to expand privatization to reduce state monopoly. In particular, the government of Uzbekistan implemented the "Roadmap" for the restructuring of energy entities such as "Uzbekneftgaz" and "Uztransgaz" and introduced the simplification of activities and competitive practices. These changes are expected to address systemic inefficiencies, reduce corruption, and strengthen a market-based environment, ultimately supporting Uzbekistan's goal of becoming a regional energy hub and ensuring a reliable, sustainable energy supply for future growth.
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