b) development by March 1, 2019 of a modern scheme for the organization of production, transportation, distribution and sale of electric energy, while providing for the broad attraction of private, including foreign, direct investments in enterprises for the production and distribution (sale) of electric energy, including on the terms of public-private partnership, while maintaining full state control for the transportation of electricity, as well as the gradual formation of a modern wholesale electricity market based on competitive purchases of products directly from generating enterprises;
c) preparation and approval by April 1, 2019 of a methodology for calculating electricity tariffs based on covering current and capital expenditures, stimulating the involvement of the private sector in the electric power industry, while providing for the creation of an interdepartmental tariff commission under the Cabinet of Ministers of the Republic of Uzbekistan;
d) ensuring the introduction in 2019 of modern forms and methods of corporate governance, international financial reporting standards in electric power industry enterprises, as well as the issuance and placement of corporate bonds of industry enterprises on international markets;
e) approval by December 1, 2018 of the roadmap for the development of the regulatory framework, procedures and regulations of public-private partnership in the electric power industry;
f) elaboration with potential investors of new investment projects in the field of electric power industry on the terms of public-private partnership, based on the available resource base, modern technological trends and the use of alternative sources of electricity.
7. The Commission (A. N. Aripov) should submit a draft Decree of the President of the Republic of Uzbekistan on the formation of the Ministry of Energy of the Republic of Uzbekistan by December 15, 2018, entrusting it with the whole range of issues of organization and regulation of the activities of the fuel and energy complex of the republic.
See the previous edition.
8. The Ministry of Investment and Foreign Trade, together with the Ministry of Energy and the Agency for the Development of Public-Private Partnership under the Ministry of Finance of the Republic of Uzbekistan, should ensure the beginning of 2019: