Russian company to modernize biggest power plant in Central Asia
Baku, Azerbaijan, Oct. 10
The government of Uzbekistan has approved a feasibility study on a project to modernize the Sirdaryo thermal power plant, the biggest one in the Central Asia, with a total value of over $219 million, Uzbek media reported.
The contract was concluded with OJSC Power Machines - ZTL, LMZ, Elektrosila, Energomashexport (Russian Federation), which is to upgrade six power units of the Sirdaryo thermal power plant with an increase in their capacity from 300 megawatts to 325 megawatts with a total value of $177.1 million.
The project will be financed through own funds of Uzbekenergo JSC worth $10.8 million, loans from Russia’s Vnesheconombank worth $132 million, the National Bank of Uzbekistan worth $22.2 million and OJSCB Uzpromstroybank worth $22.2 million.
The project will be implemented in three phases with modernization of power units No. 3 and No. 4 at the first stage (2018-2019), power units No. 5 and No. 6 at the second stage (2019-2020), power units No. 9 and No. 10 at the third stage (2020-2021).
The modernization of the biggest power plant in Uzbekistan will reduce the shortage of electricity in the region and increase the reliability of the country’s energy system.