Uzbekistan · Horizon published 19 Oct 2026 · Source published 9 October 2026 · Reviewed 19 Oct 2026
Uzbekistan adds a Bukhara battery-storage project to its expanding grid-flexibility pipeline
EBRD disclosed proposed financing for the Artemisya battery-storage project in Bukhara, alongside related interconnection and VAT facilities. The project adds a concrete 100 MW / 200 MWh storage reference to Uzbekistan’s wider programme of grid and renewable-energy investment, giving equipment, engineering, financing and services firms a defined project file to monitor.
Verified facts
- EBRD’s 9 October 2026 project summary identifies Artemisya BESS FE LLC as the Uzbek project company for a proposed 100 MW / 200 MWh battery energy-storage system in Bukhara region, sponsored by Voltalia S.A.
- The disclosed EBRD package includes a proposed senior loan of up to EUR 52 million, an up to EUR 10 million guaranteed facility for the electrical interconnection facility and an up to EUR 8.2 million guaranteed facility for expected VAT payments during construction. The records show proposed financing structures, not executed financing or a public supplier award.
- EBRD states that the storage asset is intended to provide ancillary services and improve grid stability for integration of intermittent renewables. The project disclosure also records a planned nationally accredited training programme in Bukhara region.
- Uzbekistan’s Energy Ministry reported in March 2026 that 10 storage systems with total capacity of 1,245 MW entered operation during 2025 and that six more systems totalling 884 MW were planned for commissioning in 2026. These are Ministry-reported national figures, not capacity confirmation for the Artemisya project.
- The Ministry also reported in May 2026 the launch of construction for a 150 MW / 300 MWh storage system in Tashkent and plans for a 200 MW / 800 MWh system in Bukhara region with AMEA Power, illustrating a multi-project storage pipeline with separate sponsors, contracts and delivery conditions.
Horizon view
The Artemisya disclosure is a strong indication that storage is becoming a defined project category in Uzbekistan, rather than an abstract clean-energy theme. The commercial opportunity is not a single national BESS market claim. It is the ability to match a defined system, interconnection, safety, commissioning, asset-management or training proposition to a named project, sponsor and delivery stage.
Commercial implication and next step
Battery manufacturers, integrators, grid and substation specialists, software providers, EPC teams, insurers and training organisations should separate the Artemisya file from other Uzbek storage projects. Establish the current EBRD decision stage; the project-company and sponsor procurement route; the system and interconnection scope; grid-code, fire-safety, environmental and social requirements; local installation and O&M capability; testing, warranty and performance conditions; and the responsible commercial owner before presenting equipment, services, finance or a partnership route.
What to verify before acting
The EBRD project is disclosed as exploratory and pending final review. The cited sources do not establish financial close, a live tender, technical specification, supplier eligibility, procurement notice, contract award, grid connection, commissioning date, price, payment, contract or transaction. This is not Uzbekistan energy, electrical, grid-code, environmental, procurement, tax, finance, insurance or legal advice.
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