Uzbekneftegaz, China's CIMC sign contract for equipment supply

Uzbekneftegaz, China's CIMC sign contract for equipment supply

Uzbekistan, Tashkent, June 21 / Trend D.Azizov /

The Uzbekneftegaz National Holding Company (NHC) and China's CIMC Enric Compressor Ltd, signed a contract to supply 10 CNG filling stations worth about $14 million, a source in Uzbekneftegaz told Trend on Thursday.

As previously reported, CIMC won the first tender lot announced by Uzbekneftegaz in January 2011 for the purchase of CNG filling stations.

The tender for the purchase and delivery of 100 CNG stations at a total starting price of $140.8 million was announced for three lots. The maximum starting price of one station with a capacity of at least 2.4 million cubic meters of compressed natural gas per year was set at $1.408 million.

The first lot provided for the purchase and delivery of 10 gas stations until March 1, 2011, the second lot - 30 CNG stations to be delivered by May 1, the third lot - 60 CNG stations to be delivered by October 1, 2011. Later, the tender period was extended twice.

Funding for purchase of CNG filling stations is being provided using the funds of Uzbekneftegaz.

Under the terms of the contract, the Chinese company will supply 'turnkey', 10 gas stations with a capacity of 2.4 million cubic meters of compressed gas each to different regions of Uzbekistan. Delivery time is the fourth quarter of 2012.

It was reported earlier that Chinese CIMC Enric Holding Ltd and the National Holding Company (NHC) Uzbekneftegaz before the end of 2012 plan to establish a joint venture to manufacture equipment for NGV fuelling stations. A preliminary feasibility study of the project provides for the manufacture of equipment for the gas filling stations up to 100 sets per year. Production facilities will be located on the Navoi free industrial economic zone (FIEZ). The project with a preliminary cost of $15 million will be financed by the founders of the joint venture.

In early 2007, the Uzbek government adopted a programme of phased transfer of road transport in Uzbekistan to gas engine fuel until the end of 2012. In particular, it is planned to build 138 gas filling stations across the country with a common reservoir of 708 million cubic meters of compressive gas and 952 gas stations with total capacity of 476,000 tons of liquefied gas.

The National Holding Company Uzbekneftegaz and Korean Kogas and Kolon, Kwangshin Engine Tech signed the constituent documents on the creation of the Kor UNG Investments joint venture for construction of CNG filling stations in Uzbekistan in May 2011.

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