Uzbekistan attracts China State Development Bank loan for Tashkent thermal power station

Uzbekistan, Tashkent, Oct. 22/ Trend corr. D.Azizov /

As a result of a government decree, Uzbekenergo State Joint Stock Company (SJSC) and the State Development Bank of China (SDBC) signed a loan agreement for $220 million to co-finance the modernisation of Tashkent's thermal power plant, it was stated on Monday.

According to the text of the decree on measures for the implementation of the construction of a combined cycle installation with a capacity of 370 MW at the Tashkent thermal power station' s investment project, a credit agreement between Uzbekenergo and SDBC was signed in August this year.

The financing scheme of project worth $ 511.859 million, also determined that apart from the SDBC loan, the project will be financed by a loan from the Fund for Reconstruction and Development of Uzbekistan (FRDU) amounting to $76.2 million , a commodity loan from Synecta (Slovakia) - $68.9 million, and Uzbekenergo equity - $ 117, 703 million, Uzbek Industrial Construction Bank (Uzpromstroybank) loan - $50 billion sums, or a $26.9 million equivalent loan and the Japan Bank for International Cooperation loan at $2.037 million.

Project participants are provided with a number of customs and tax benefits, along with permission to conduct building and construction works with the simultaneous development of construction documents till September 1 2013.

As previously reported, Uzbekistan is planning to modernise the Tashkent thermal power station to construct a combined cycle plant with a capacity of 370 MW. Previously, the project cost was defined to the sum of $468 million.

The contract on the engineering, procurement of equipment and construction of the combined cycle plant signed with a consortium of companies consisting of Synecta (Slovakia), Istroenergo Group (Slovakia) and SNC Lavalin Polska, Sp.zo.o. (Poland).

Uzbekistan announced its intention to modernise the Tashkent thermal power station more than 10 years ago.

In May 2002, a credit agreement on a loan for the project worth 24.955 billion yen was signed between the Japan Bank for International Cooperation (JBIC), Uzbekenergo and the Uzbek Ministry of Finance. The Uzbek side hasn't reported cancellation of the credit agreement.

Today, the installed capacity of the Tashkent thermal power station is 1.86 thousand MW. The first energy unit was commissioned in 1963 and the last, the 12th in 1971.

Some 45 power plants with total capacity of 12.4 thousand MW, including 16 power stations of Uzbekenergo with a total capacity of 12.04 thousand MW are currently operating in the Uzbek energy system. The share of institutional power stations does not exceed three per cent (362.5 MW).

The major share of electricity, up to 90 per cent, is produced by ten thermal power plants with total installed capacity of 10.6 million kW.

Some 29 hydropower plants with an installed capacity of 1.4 million kW are mostly combined in hydropower station cascades and work on a hydro watercourse.

According to official statistics, in 2011, Uzbekistan increased production of electricity up to 52.416 billion kilowatt-hours, by 1.3 per cent, compared to 2010.

Uzbekistan's Bukhara oil refinery starts production of RON-95 gasoline under QuWatt brand
Uzbekistan's Bukhara oil refinery starts production of RON-95 gasoline under QuWatt brand
Preliminary cost of building pharmaceutical cluster in Tashkent revealed
Preliminary cost of building pharmaceutical cluster in Tashkent revealed
Japan interested in creation JVs in Uzbekistan in production and services spheres
Japan interested in creation JVs in Uzbekistan in production and services spheres
Loading Bars
Brazilian healthcare watchdog declines request for emergency use of Sputnik V vaccine
SOCAR bonds will again bring their owners $1.25 million
Turkey's investments in natural gas supply reach $3B in 18 years
EU would like new EPCA to enhance bilateral relations in Central Asia
Georgia to get first part of Covid vaccine in one month
AEOI issues statement in response to E3
Kazakhstan reports almost 1,000 new COVID-19 cases
U.S. state capitals, Washington on alert for possible pro-Trump armed protests
Argentina confirms first case of new variant of coronavirus
Frankfurt airport terminal shut down over man threatening police
Azerbaijani districts to be digitalized within Smart City project
G7 summit to take place in UK’s Cornwall in June
Volume of essential products available in Iranian ports revealed
France's COVID-19 death toll tops 70,000
Fires in central Chile consume over 3,200 hectares
2 IS militants killed, 6 arrested in Iraq
Iran's Bahar Azadi gold coin price continues to fall
Iranian Energy Exchange announces products to be on sale on January 18
President Ilham Aliyev calls President Recep Tayyip Erdogan
WHO reports over 688,000 new daily cases of COVID-19
Tunisian PM appoints new ministers in sweeping cabinet reshuffle
Azerbaijani gymnasts awarded the title of "Honorary Master of Sports"
Thousands march in Vienna against coronavirus restrictions
Uzbekistan's Bukhara oil refinery starts production of RON-95 gasoline under QuWatt brand
Iran's SPGC reveals processing data of its first refinery
Kazakhstan, Greece boost trade turnover year-on-year
Building materials price hikes may increase cost of projects in Georgia
Serbia receives 1 mln Sinopharm vaccines from China
Iran's Rasht-Caspian railway to stimulate development of production
Over 110,000 health workers receive COVID-19 vaccine shots in Istanbul
7 killed in helicopter crash in southern Philippines
New footage from Azerbaijani Aghdam district's Shelli village issued (PHOTO/VIDEO)
Azerbaijan confirms 650 more COVID-19 recoveries
Buy/sell operations at Iran Mercantile Exchange soar
Georgian plans to vaccinate 60% of its population
Turkmenistan's MFA holds briefing dedicated to commissioning of infrastructure facilities (PHOTO)
Kazakhstan reports big increase in revenues from transporting cargo by air
Preliminary cost of building pharmaceutical cluster in Tashkent revealed
Iran reveals COVID-19 data for January 16
Member of Turkey's coronavirus board assures efficacy of CoronaVac
Azerbaijan shares footage from Mirzajamally village of Fuzuli district (PHOTO/VIDEO)
Summary of Operational Headquarters' amendments to quarantine regime in Azerbaijan
Azercell’s Mobile Eye and Mobile Dental Clinics provided free medical service to the hundreds of residents in 2020! (PHOTO)
Nepal approves emergency use of Covishield vaccine manufactured in India
COVID-19 infection rate falling in Azerbaijan - TABIB
Georgia reveals number of COVID-19 cases for Jan.16
Iran's trade turnover with Turkmenistan decreases
Japan interested in creation JVs in Uzbekistan in production and services spheres
Details of agricultural products exported to Iraq via Iran's Mehran customs announced
Turkmenistan's Main State Service opens tender for equipment purchase
Participation in funeral to be permitted via Azerbaijani Interior Ministry's Call Center
Toughened quarantine in Azerbaijan turned out to be effective - President's assistant
Vaccination of people aged over 65 to begin on Feb. 1 - Azerbaijani president's assistant
Storage facilities for COVID-19 vaccines being created in Azerbaijan's Shusha
Nepal requests India for early provision of COVID-19 vaccines
S Jaishankar attends sixth meeting of India-Nepal Joint Commission
At 18 million, India has largest diaspora in the world: UN
Azerbaijan to purchase vaccines via Fund for Combating COVID-19
Baku subway, public transport not to work on weekends until quarantine ends
Azerbaijan reveals volume of imported Chinese Sinovac vaccine
Azerbaijan shares footage from liberated Hajikand village of Kalbajar (PHOTO/VIDEO)
Operational Headquarters of Azerbaijan talks international, domestic flights
Prime Minister Modi Launches pan India rollout of COVID-19 vaccination drive
GM to invest C$1 billion in Canada plant to manufacture electric vans
Azerbaijan to start vaccination from COVID-19 - Operational Headquarters
Barbershops and beauty salons in Azerbaijan to start working soon
Kazakhstan sees decrease in exports to EAEU countries
Review of transactions in national currency at Turkmen exchange for Dec. 2020
Total amount of transactions on Turkmen Commodity Exchange for Dec. 2020
Iran's companies can offer technical services in Azerbaijan's Karabakh
Azerbaijan to resume activity of shopping centers, museums, barbershops
Weekly review of Azerbaijani currency market
Uzbekistan reveals its COVID-19 data for January 16
Ban on entry-exit to some cities, regions of Azerbaijan remains in force
Azerbaijan makes wearing face masks mandatory both indoor, outdoor
Public catering facilities in Azerbaijan to resume activity soon
Aftershock rocks Indonesia quake zone as search continues
Kazakhstan's coal extracting venture to transformer substations via tender
Azerbaijan softens toughened quarantine regime
Turkmenistan, IBRD sign protocol of negotiations on COVID-19 response draft
Azerbaijan cancels SMS-permissions for leaving homes due to COVID-19
Iranian currency rates for January 16
Iran expects balance in foreign currency rates
Azerbaijan's import of grain from Russia's Stavropol for 2020 revealed
Mass inoculation of Russians against coronavirus to begin on January 18
Indonesia quake kills at least 42, injures hundreds
U.S. Health Secretary Azar condemns Capitol violence in resignation letter
UzAuto Motors doubles cars production volume in 2020
France's coronavirus death toll approaches 70,000
Over 600,000 have received Sinovac shots in Turkey's vaccination program
5.4-magnitude quake jolts southern Iran
Hotel occupancy increases in all Georgian regions
Trump directs government to minimize procurement from China
WhatsApp to delay launch of update business features after privacy backlash
Brazil reports more than 1,000 COVID deaths for fourth consecutive day
Number of COVID-2019 cases across globe up by over 709,000 in past day
UN chief calls for "far greater solidarity" in message on 2 millionth COVID-19 death
Money transfers to Georgia up in December 2020
WHO advises against proof of COVID-19 vaccination for int'l travel
BMW to recall 21,693 cars in Russia
All news