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The American-Uzbekistan Chamber of Commerce (AUCC) seeks to promote trade and investment ties, cultural exchanges and bonds of friendship between the United States of America and the Republic of Uzbekistan. In performing these functions, the AUCC places primary emphasis on serving the needs and interests of its members.
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Uzbekistan gets $220 mln credit from China Development Bank for modernization of Tashkent combined heat and power plant
25 October 2012
http://www.cospp.com of 10/25/2012 - China Development Bank (CDB) is providing Uzbek state stock company Uzbekenergo with a credit of $220 million for the co-financing of a project for the modernization of Tashkent CHPP (combined heat and power plant), reported Interfax.
An Uzbek governmental resolution concerning measures for implementing the investment project for building 370 MW steam-gas installation at Tashkent CHPP, which lays out a financing scheme, was adopted on October 16. Interfax has obtained a copy.
It says that Uzbekenergo and CDB had clinched a credit agreement this past August.
The project price tag is $511.8 million. It will also be financed with monies allocated by Uzbekistan's Reconstruction and Development Fund ($76.2 million), a business loan from Synecta a.s. ($68.9 million), with Uzbekenergo's own funds ($117.7 million), an Uzpromstroybank credit ($26.9 million), and a credit from Japan International Cooperation Agency (over $2 million).
The government has established a number of customs and tax breaks for the project, and issued permission for construction and installation work to be conducted before next September 1 simultaneously with the working up of design and estimate documentation.
The engineering contract for building the steam-gas facilities, the procurement of equipment, and the actual construction was secured with a consortium consisting of Synecta a.s. and Istroenergy Group (both of Slovakia) and Lavalin Polska Sp.zo.o. (Poland). The cost of the project had earlier been put at $468 million.
Tashkent CHPP has installed generating capacity of 1,860 MW. Its first generating unit was put into operation in 1963 and its last, the twelfth, in 1971.
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