German ThyssenKrupp intends to participate in chemical complex construction in Uzbekistan
Tashkent, Uzbekistan, June 3
By Demir Azizov- Trend:
German ThyssenKrupp intends to participate in the construction of a chemical complex worth $961.7 million in the Navoi region (central part of Uzbekistan), a source in the "Uzhimprom" State Joint-Stock Company told Trend.
It was previously reported that the Uzbek "Navoiazot" OJSC announced a tender in May 2013 with the starting price of $800 million for the construction of a 'turnkey' complex for production of ammonia with a capacity of 900,000 tons and carbamide (urea) with a capacity of one million tons.
In January 2014, the tender was recognized as unsuccessful because of the high price tender bids.
It was planned to announce repeated tender in May, however, the government decided to attract investors through direct negotiations to the project, the source said.
A preliminary agreement on the participation of the German company in the project has been reached, and the parties intend to discuss all the details of ThyssenKrupp`s participation in the near future.
The funding for the project worth $961.7 million will be carried out at the expense of foreign loans and funds of the Uzbek side.
Navoiazot (the former Navoi Chemical Plant) was commissioned in 1964. The plant deals with the production of nitrogen fertilizers, nitronic fiber as well as integrated production of organic synthesis.
The carbamide (urea) production in Uzbekistan decreased in 2013 by 6.5 percent, standing at 480,200 tons, according to official stats.
Edited by CN