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JSC Thermal Power Stations, Uzbekistan's main energy producer, reported a 2025 investment of $583.84 million, exceeding its $443.2 million target. Key projects included a 2.3 MW cogeneration unit in Tashkent with ILTEKNO and a 100 MW gas piston plant with CNTIC.

The Talimarjan Thermal Power Station saw the addition of 1,065 MW capacity through combined-cycle gas turbines at a cost of $944.8 million. Fitch Ratings affirmed the company's 'BB' rating, indicating strong financial health.