BAKU, Azerbaijan, Nov. 2
By Fakhri Vakilov - Trend:
The preparation of a project for the construction of a thermal power station (TPP) with a capacity of 1300 megawatts in the Syrdarya region of Uzbekistan with a preliminary cost of over $1 billion has started, Trend reports citing Uzbekistan’s Agency for the Development of Public-Private Partnerships (PPP).
Representatives of Uzbekistan’s Ministry of Energy and the International Finance Corporation (IFC) held a meeting to discuss the project's implementation.
In order to implement this project, a meeting was held at the PPP Agency with international consultants of the IFC on Oct. 28-29, where they discussed the main terms of the agreement, including methods of increasing investment attractiveness of the project, organization of technical, financial and legal expertise of the project.
According to preliminary agreement, IFC will prepare a feasibility study, financial and legal expertise of the project within 14 months, prepare tender documentation, organize and conduct a tender, and announce the winner.
This project consists of the following steps:
- Technical, legal and financial analysis (3-6 months);
- Preparation of the main conditions of the agreement;
- Development and confirmation of the structure of the transaction (3 months);
- Study of international investors’ interest;
- Prequalification (start of tender procedures (3 months);
- Receipt of technical and commercial offers (3 months);
- Evaluation of proposals;
- Determination of tender’s winner, commercial and financial closure (3-6 months);
- Construction and launch (from 12 months +).
Syrdarya TPP is a thermal power plant in the city of Shirin in Uzbekistan’s Syrdarya region. The largest power plant in Central Asia has an installed capacity of 3,000 MW (ten power units of 300 MW each).
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