Investments in Energy Complexes: Evidence from Tajikistan

In the process of economic reforms, it became clear that energy is an important industry capable of ensuring Tajikistan’s economic independence. In Tajikistan, the energy complex is a profitable area of investment of national investment projects, with stable sources of hydropower resources. The production of electric energy is carried out by processing long-term investment projects mainly in the regions of the republic. Since this industry has the necessary resources in all regions of the country, it is also considered a priority area for investment. On the other hand, the lack of financial resources does not allow for capital and current repairs of existing units of energy enterprises. In this situation, it is necessary to pay special attention to the process of step-by-step privatization of enterprises, their impact on energy shortages and investment activation, increasing the level of managerial skills, technological knowledge, advanced technological equipment. The investment attractiveness of the region depends on the investment environment, and the investment attractiveness is the result of the existing investment environment. Attracting investments in energy complexes depends to a greater extent on improving the regulatory framework of the state in the field of investment activity. It should be noted that many countries encourage the inflow of foreign investment by liberalizing national laws on foreign investment, changing existing laws, or adopting new laws that create favorable conditions for potential investors.