Over the years, Kazakhstan commissioned 126 renewable energy plants with a total power generation capacity of 1,975 megawatts.

Uzbekistan plans to ensure a 7.0 percent growth in GDP this year and the government has tasked itself to increase the volume of production in all sectors.

S&P said that several risks to the recovery remained relevant, including if pandemic consequences linger, persistent inflation and higher interest rates, a change in current commodity price trends, and geopolitical tensions.

The construction of new, high-efficiency gas power stations, which would replace older and less efficient assets, is an important modernization step that complements the early growth of renewable energy.