Energy · Critical minerals · Infrastructure · Industry · Agriculture
Your on-the-ground partner to
invest in Uzbekistan
CAPPA connects international investors with bankable projects across Uzbekistan and Central Asia — energy and renewables, critical & rare-earth minerals, infrastructure, industry and agriculture. With mandates from regional governments (hokimiyats) and ministries, we guide every agreement and approval from first mandate to financial close. Hire us as your advisor, consultant and local agent.
Prepared projects seeking capital
The national portfolio and regional pipelines: cost, capital required, jobs and the initiating party for each project.
Investment Promotion Agency
46 projects · $1.66bn open to foreign investment
Where the mandates are
boundaries via OpenStreetMapGold marks portfolios already delivered.
7 regions have delivered their project lists. The rest are in progress — pick any region to see its status.
Regional portfolios
mandates from regional governmentsTashkent
renovation, infrastructure, PPP
Surkhandarya
95 projects
Andijan
38 projects: pharma, auto parts, electronics
Karakalpakstan
18 projects
Samarkand
tourism, industry, energy
Navoi
mining and processing
Fergana
chemicals, textiles, agriculture
Letters of consent to cooperate from 8 regional authorities and a ministry, 2 of them formalised as signed memoranda. Further pipelines in preparation.
How an energy project runs
CAPPA’s core practice: from mandate to commercial operation. Below — what we do, how the approval path is structured and which agreements underpin a project.
Renewable energy: market, PPA contracts and rules
What we do
A single accountable partner from first mandate to commercial operation.
Project origination & structuring
We identify bankable opportunities aligned with Uzbekistan’s national energy program and structure them for international investors.
Government & ministry liaison
We manage the full approval path — Ministry of Energy, Ministry of Investment, Industry & Trade, Ministry of Economy & Finance — on your behalf.
PPA / GSA negotiation support
Hands-on support securing the 25-year PPA, the Government Support Agreement and the Investment Agreement.
Local SPV & legal coordination
Setting up the local project company (operator), permits, land lease and regulatory compliance.
EPC & technical partners
In-house energy engineering team plus a domestic manufacturer of solar collectors and heat pumps — we assemble and vet the technical package.
End-to-end project management
A single accountable partner on the ground from mandate through construction and commercial operation.
How a PPA project moves in Uzbekistan
Click any step. We manage every approval and agreement on your behalf.
NDA & mandate
We sign an NDA, align the opportunity with the national program and sign an agency mandate with the investor.
The agreements that secure your project
A bankable structure backed by sovereign support. After the 2025 reform, electricity purchase (Uzenergosotish) and transmission (NEGU, via a TCA) are contracted separately; large projects sign a package: IA + PPA + GSA + TCA.
Non-Disclosure Agreement
Signed before any project data is shared — protects both parties’ information. Every engagement starts here.
Agency Agreement
Between the investor and CAPPA — the only document on this list not signed with the state. It sets the scope of the mandate, territory and exclusivity, the success fee and the reporting regime. Signed immediately after the NDA and before any work begins.
Investment Agreement
Between the Government (Ministry of Investment, Industry & Trade) and the foreign investor. Locks in guarantees, tax incentives, investment volume (e.g. building solar/wind of hundreds of MW), land allocation and return-of-investment terms.
Power Purchase Agreement
25-year offtake of the full output at a fixed tariff in foreign currency. After the 2025 reform it is signed with the offtaker, Uzenergosotish.
Government Support Agreement
Sovereign support from the Ministry of Economy & Finance — liquidity and termination payments backing the offtaker’s obligations.
Transmission Connection Agreement
Grid connection and transmission services with the National Electric Grid (NEGU). Contracted separately from the PPA after the 2025 reform.
Public-Private Partnership
PPP structures (concession, BOOT, etc.) — the main route for most renewable tenders, with the strongest packaged government support.
EPC & EPCM Contracts
The core contracts for design, equipment procurement and construction of the power plant (Engineering, Procurement, Construction / Management).
Battery Storage Service Agreement
A separate storage-services (BESS) agreement: accumulate surplus green energy at peak generation and release it back to the grid.
Electricity Supply Contracts
Retail offtake contracts between regional distribution companies (e.g. JSC “Regional Electric Networks”) and consumers or industrial enterprises.
Rare-earth and critical minerals
The country is opening access to its raw materials while requiring in-country processing. The briefing: what is permitted, who has already entered, which licences are required and where the openings remain.
The full sector briefing
Reserves, licensing, in-country processing requirements and the operators already present.
The state is exiting its assets
The 2025–2028 programme: assets, stakes, auction timing, deal terms and legal basis — verified against the official texts.
Privatisation in Uzbekistan
The state is exiting 41 major assets: 29 share packages go to public auction with international advisers, 12 flagships to IPO and SPO. Full list with stakes and timing, deal terms and legal basis.
Open all assets and termsThe legal ground beneath it
The laws and decrees that set the rules, and our authority to work under them.
Legal framework
Projects are delivered strictly within Uzbekistan’s renewable-energy legislation. Foundational acts:
Government mandate — signed MOU
News & projects
A timeline of key energy agreements in Uzbekistan.
Our team
Operators, engineers and manufacturers with on-the-ground experience.
Khamit Kadirbekov
Founder, CAPPA · consultant and agent · energy, minerals and investment
Founder of CAPPA. Originates and structures investment projects in Uzbekistan and Central Asia — energy and PPA, critical minerals, privatisation and regional portfolios. Works under government mandates with seven regional administrations and one ministry.
Bakhtier Rasulov
Expert in high-voltage equipment, high- and medium-voltage networks and substations · power engineer
Director of ACTIVE Energy LLC — a partner company of ABB and Hitachi.
Burke McCormack
Expert in investment banking and energy project finance
Currently at Ardmore Capital. Spent many years at JP Morgan Chase. Experienced with OPIC (Overseas Private Investment Corporation).
Igor Ogay
Expert in alternative energy
A well-known expert in alternative energy in Uzbekistan, representing Solar City Solutions LLC and Solar City Plus LLC. Since 2015 these companies have manufactured, deployed and serviced solar water-heating collectors, heat pumps and integrated green-energy systems across the country.
Let’s talk
For investors and developers pursuing PPA / IPP projects in Uzbekistan. We work under an agency agreement, under NDA.
Start your Uzbekistan energy project
Tell us your capacity, technology and timeline — we’ll map the path.