BAKU, Azerbaijan, Sept. 22
By Klavdiya Romakayeva - Trend:
The French Development Agency will allocate €55.8 million of borrowed funds for the development of hydropower in Uzbekistan, Trend reports with reference to the Ministry of Energy.
The implementation of joint projects was discussed at meeting between Uzbekgidroenergo JSC and the head of the French Development Agency (AFD) in Uzbekistan.
The agency will allocate €55.8 million of borrowed funds on the basis of a loan agreement signed for 20 years for the development of hydropower in Uzbekistan.
Of this amount, €46.5 million are intended to finance the construction of the Paitugskaya small hydropower plant in the Andijan region, as well as small hydropower plants 1A and 2A of the South Fergana canal. The total cost of these projects is estimated at €52.5 million.
It is planned to commission these new hydropower plants in 2023. With the implementation of these projects, it will be possible to generate 51.2 million kWh of electricity.
In addition, €9.3 million of the total loan amount will be used to finance the project to ensure the safety of the Charvak HPP. The total cost of the project is estimated at €33.95 million.
Deputy Chairman of the Board of JSC Uzbekhydroenergo Fozil Makhmudov also informed Vincent Kopan about the reforms being implemented in the system of the Ministry of Energy in general and in hydropower in particular. It was noted that over the past three years more than 30 investment projects have been worked out in this direction.
---
Follow the author on Twitter: @romakayeva