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Uzbekistan plans to spend $5.425 billion for electric power development till 2016

Oil&Gas Materials 2 May 2011 18:42
Uzbekistan plans to invest $ 5.425 billion in the development of the electric power industry in 2011-2015, Uzbekenergo said.
Uzbekistan plans to spend $5.425 billion for electric power development till 2016

Uzbekistan, Tashkent, May 2 / Trend D. Azizov /

Uzbekistan plans to invest $ 5.425 billion in the development of the electric power industry in 2011-2015, Uzbekenergo said.

It is planned to implement 44 investment projects, 15 of them - in the field of power engineering, 10 projects on modernization and development of hydroelectric power in accordance with the program on modernization of the energy sector in 2011-2015.
Moreover, the work on the introduction of automated control system were launched.

The costs for modernization and development of generating capacity were planned to the amount of $3,9 billion, the development of electricity - $ 940 million, modernization of the accounting system of electric power by creating the automated control system - $ 370 million.

The program is planned to be financed due to Uzbekenergo's own funds, credits of the Uzbek Reconstruction and Development Fund and foreign investments amounting to $2,5 billion.

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