LEGAL PROBLEMS OF IMPLEMENTING PUBLIC-PRIVATE PARTNERSHIP PROJECTS IN THE FIELD OF RENEWABLE ENERGY SOURCES (THE CASE OF THE REPUBLIC OF UZBEKISTAN)
DOI:
https://doi.org/10.5281/zenodo.21240317Ключевые слова:
public-private partnership, renewable energy sources, power purchase agreement, bankability, single buyer, state guarantees, concession, dispute resolution.Аннотация
This thesis examines the legal problems of implementing public-private partnership (PPP) projects in the field of renewable energy sources in the Republic of Uzbekistan. It analyses the legal framework (the Law “On Public-Private Partnership” and the Law “On the Use of Renewable Energy Sources”), the contractual structure of renewable energy PPP projects based on the independent power producer model and the long-term power purchase agreement with a single buyer, and the principal legal risks affecting the bankability of such projects — the creditworthiness of the offtaker, currency and change-in-law risks, the enforceability of state guarantees, and dispute resolution. Drawing on comparative experience, the study proposes directions for improving national legislation.Библиографические ссылки
Civil Code of the Republic of Uzbekistan (Part Two), 1996 (as amended).
Law of the Republic of Uzbekistan “On Public-Private Partnership” No. ZRU-537, 10 May 2019 (in force from 12 June 2019, as amended).
Law of the Republic of Uzbekistan “On the Use of Renewable Energy Sources” No. ZRU-539, 21 May 2019 (as amended).
Law of the Republic of Uzbekistan “On the Electric Power Industry” No. ZRU-939, 7 August 2024 (in force from 9 November 2024).
Law of the Republic of Uzbekistan “On Investments and Investment Activity” No. ZRU-598, 25 December 2019.
International Finance Corporation (IFC). Scaling Solar Program. Project documentation.
Asian Development Bank. Public-Private Partnership projects in the energy sector of Uzbekistan.
UNCITRAL Legislative Guide on Public-Private Partnerships, 2019.
OECD. Recommendation on Principles for Public Governance of Public-Private Partnerships, 2012.
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