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Net income of Navoi thermal power plant decreased by 0.8 percent in 2009

Oil&Gas Materials 28 May 2010 12:18 (UTC +04:00)
Net income of Navoi thermal power plant, the third-largest power plant in Uzbekistan has decreased by 0.8 percent in 2009 - to 8.196 billion soums. These figures are given in the audited balance sheet of thermal power plant, published in the republican press.
Net income of Navoi thermal power plant decreased by 0.8 percent in 2009

Uzbekistan, Tashkent, May 28 / Trend, D. Azizov /

Net income of Navoi thermal power plant, the third-largest power plant in Uzbekistan has decreased by 0.8 percent in 2009 - to 8.196 billion soums. These figures are given in the audited balance sheet of thermal power plant, published in the republican press.

According to the balance, the amount of gross gain of the company in 2009 grew by 8.4 percent - to 211.25 billion soums, the gross profit from sales - by 6.9 percent to 21.79 billion soums, the cost - by 8.6 percent to 189.46 billion soums.

The assets of the Navoi thermal power plant in 2009 decreased by 7.3 percent - to 247.47 billion soums, including the amount of accounts receivable - in 1,3 times to 193.6 billion soums.

Amount credit debts as a result of 2009 fell by 13.7 percent - to 176.87 billion soums.

In 2009, the plant produced electricity at 9.1 per cent compared to the previous year - 6.999 billion kWh, and consumers were provided with power for 22,8 per cent lower - 2.24 million Gcal.

The first energy block of the plant was commissioned in 1962, the last, 11th - in 1981.

Installed capacity of Navoi thermal power plant is 1,250 MW.

Authorized capital amounts to 18.553 billion soums, in which 51 percent is owned by the state as Uzbekenergo, 48 percent is envisaged for sale to foreign investors and one per cent owned by the labor collective.

In August of 2009, Uzbekenergo signed a contract with a consortium consisting of Turkish Calik Enerji Sanayi ve Ticaret AS and Spanish Initec for the modernization Navoi thermal power plant worth $470 million. Based on the contract, the consortium will construct the combined-cycle plan with a capacity of 477 MW on "turn-key" terms. Under the contract, Calik will construct the plant and Initec will implement projecting and engineering services.

The project is financed by a $351-million loan from the Uzbek Reconstruction and Development Fund, Uzbekenergo's private funds amounting to $70 million, and a $47-million loan from Uzbek banks.

The reconstruction of the Navoi thermal power plant is intended to supply additional energy to the Navoi free industrial and economic zone established this year.

According to official statistics, electricity production in Uzbekistan decreased by 0.3 percent and amounted to 49.954 billion in 2009 compared to 2008 KW per hour.

There are 42 power stations in Uzbekistan with a production capacity of 12,358 MW, including 16 power stations. Uzbekenergo produces 2.040 MW. The remaining amout is produced at autonomous thermo-power stations owned by industrial enterprises and small hydro-electric power stations belonging to the Agriculture and Water Economy Ministry.

May 28, official exchange rate is 1578,87 soums to $1.

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