Adani Group Held Talks for Uzbekistan Energy Projects
The firm engaged with government officials regarding a proposed investment in pumped-storage hydropower infrastructure.
Updated on Sept. 21, 2026 in Utilities
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In August 2026, representatives from Adani Group met with Uzbekistan government officials to discuss developing four pumped-storage hydropower projects. These proposed facilities would represent an indicative investment value of ₹30,000 crore.
Why it matters
Uzbekistan is working to stabilize its electricity grid and reach a goal of sourcing 50% of its power from renewable energy by 2030. The projects could position the nation as a regional leader in hydropower storage while allowing Adani to scale its operations beyond India.
The proposed projects involve 5 gigawatts of combined capacity, carrying an indicative investment of ₹30,000 crore. This follows a 2026 presidential resolution aimed at establishing three large pumped-storage projects by 2032.
The players
Adani Group
This Indian multinational conglomerate specializes in infrastructure development, power generation, and energy storage solutions.
Narendra Modi
As the Prime Minister of India, he oversees strategic international partnerships and frequently engages in diplomatic missions to promote Indian industrial interests abroad.
The details
Pumped-storage facilities operate by moving water between reservoirs at different elevations, allowing the system to store electricity and release it through turbines during times of peak demand. This initiative aligns with Uzbekistan's broader mandate to diversify its energy mix from its current total generation of 87 billion kilowatt-hours.
Timeline
May 2026: Uzbekistan adopted a presidential resolution for pumped-storage projects.
August 2026: Adani Group held talks with Uzbekistan government officials.
August 10, 2026: UZDAILY reported Adani Group interest in hydropower projects.
August 29-30, 2026: Prime Minister Narendra Modi visited Uzbekistan.
2032: Target year for completing three large pumped-storage projects.
Market Landscape
This move reflects a growing trend of major regional infrastructure players expanding into Central Asian energy markets to capitalize on government-led renewable transitions. It positions Adani to capture early market share in a sector where the national government has prioritized large-scale energy storage.
While the deal is in the proposal stage, successful implementation could lead to greater grid reliability and electricity price stability for local consumers and industrial users. The project represents a significant shift in regional utility infrastructure that may influence energy costs long-term.
The takeaway
Adani Group is leveraging its existing 3 gigawatt pumped-storage portfolio to expand into new geographic markets. This strategy suggests that energy firms are increasingly looking toward Central Asia as a frontier for utility-scale renewable energy investment.
Further reading
For more background on large-scale infrastructure and power storage, explore our Utilities section.
Source note: This article includes information reported by Mint.
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