News Column

ADB to allocate $300 mln to Uzbekistan for modernization of Takhiatash CHPP in Karakalpakstan

July 15, 2014

The Asian Development Bank will allocate $300 million to Uzbekistan for modernization of Karakalpakstan's Takhiatash combined heat and power plant.

The aging energy infrastructure of Uzbekistan does not allow to meet energy demand and impacts on business activity and population. Electricity demand in Karakalpakstan and Khorezm region will grow twice faster the average forecast for the country. Energy supplies are required to meet the needs of the population and industrial development.

The ADB estimates that the modernization project will increase the capacity of CHPP to meet the growing demand for electricity in western Uzbekistan.

The project thus envisages construction of two new energy-efficient combined-cycle turbines up to 280 MW each, as well as decommissioning of the three existing steam turbines with the other two that will be kept as a backup.

The total cost of the project designed for six years will comprise $700 million. The Fund for Reconstruction and Development of Uzbekistan will provide a loan for $270 million, while Uzbekenergo and the Government will invest around $130 million.

For more stories on investments and markets, please see HispanicBusiness' Finance Channel

Source: AKIpress News Agency (Kyrgyz Republic)

Story Tools Facebook Linkedin Twitter RSS Feed Email Alerts & Newsletters