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NEWS

FRDU to issue US$872m to Uzbekenergo in 2014

www.uzdaily.com
7 February 2014

Fund for Reconstruction and Development of Uzbekistan (FRDU) will issue US$872 million to implementation of five investment projects of Uzbekenergo state joint stock companies.

In particular, the Fund will issue US$300 million to construction of Turakurgan thermal power station in Namangan region.

Uzbekenergo will receive US$270 million to construction combined-cycle units with the capacity of 250 megawatts at Takhiatash thermal power station and US$122 million to construction of solar station in Samarkand region with the capacity of 100 megawatts.

Fund for Reconstruction and Development of Uzbekistan (FRDU) was founded in May 2006 with the decree of the President of Uzbekistan with the charter capital of US$1 billion. Currently, its capital makes up US$15 billion.

The fund was created to finance and co-finance important investment projects, included to the state investment programme.