ISSUES OF THE FORMATION AND EFFECTIVE UTILIZATION OF INVESTMENT RESOURCES IN FUEL AND ENERGY ENTERPRISES
DOI:
https://doi.org/10.5281/zenodo.21194259Keywords:
fuel and energy enterprises, investment resources, investment activity, financing sources, energy security, energy infrastructure, cost of capital, weighted average cost of capital (WACC), net present value (NPV), internal rate of return (IRR), green finance, public-private partnership (PPP), international financial institutions, investment efficiency, risk management, digital monitoring, Uzbekistan’s energy sector.Abstract
This article examines the formation and effective utilization of investment resources in fuel and
energy enterprises. The study analyzes the significance of energy investments at both the global and national
levels, evaluates various financing sources, and substantiates the need to diversify investment mechanisms.
Drawing on international experience and the specific conditions of Uzbekistan, the article proposes practical
recommendations aimed at improving investment efficiency, reducing capital costs, and enhancing energy
security.
References
Asian Development Bank. (2025). ADB, partners sign deal to build landmark solar with battery power
plants in Uzbekistan. Asian Development Bank.
Asian Development Bank. (2025). Uzbekistan: In-depth country overview. Asian Development Bank.
International Energy Agency. (2025). World Energy Investment 2025. IEA.
International Energy Agency. (2025). World Energy Outlook 2025. IEA.
Invest Uzbekistan. (2026). Energy sector investment opportunities in Uzbekistan. Ministry of Investment,
Industry and Trade of the Republic of Uzbekistan.
Keynes, J. M. (1936). The general theory of employment, interest and money. Macmillan.
Markowitz, H. (1952). Portfolio selection. The Journal of Finance, 7(1), 77–91.
Modigliani, F., & Miller, M. H. (1958). The cost of capital, corporation finance and the theory of investment.
The American Economic Review, 48(3), 261–297.
Porter, M. E. (1985). Competitive advantage: Creating and sustaining superior performance. Free Press.
World Bank. (2025). Uzbekistan to invest in modernizing electricity distribution networks with World Bank
support. World Bank.
World Bank. (2026). Powering an energy-secure future across Central Asia. World Bank.
International Renewable Energy Agency. (2024). Renewable energy statistics 2024. IRENA.
European Bank for Reconstruction and Development. (2024). Green economy transition approach. EBRD.
OECD. (2023). Financing clean energy transitions in emerging and developing economies. OECD
Publishing.
United Nations Development Programme. (2023). Energy transition and sustainable development. UNDP.
Downloads
Published
Issue
Section
License
Copyright (c) 2026 ECONOSCITECH INTEGRATION

This work is licensed under a Creative Commons Attribution 4.0 International License.