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Philippines,Uzbekistan : ADB announced its support to modernize a thermal power plant in UZBEKISTAN

July 18, 2014

The Manila-headquartered Asian Development Bank (ADB) has decided to carry out modernization of the Takhiatash Thermal Power Plant (TPP) in Uzbekistan.

The regional lender has revealed on Tuesday that it will provide a $300 million worth of loan to fulfill the growing power needs in the western Uzbekistan.

The ADB's Director of the Energy Division of Central and West Asia Department Rune Stroem has disclosed that the loan facility will facilitate financial support to upgrade generating units to augment the consistency of electricity supply, and save power, as well as reduce emissions of greenhouse gas in the country.

Stroem added, "Karakalpakstan and Khorezm regions are expecting electricity demand to grow at double the rate of the forecasted national average. Reliable power supply is essential to meet the residential demand and for future industrial development and growth."

As part of the project, there will be installation of two new energy-saving combined-cycle gas turbines, each having a maximum capacity of 280-MW, as well as decommissioning of the three existing steam turbine units, while two others are to be operated as reserve system.

The bank-backed project also envisions training of the staff as well as other assistance for Uzbekenergo to enhance tariff structure and to boost the commercial viability of the state-run power utility further.

Though Uzbekenergo has accomplished enhancements of its financial transparency considerably with the bank s assistance and initiated advanced electricity metering infrastructure, it is essential for the Uzbek utility to streamline its management and information as well as technology structures.

The Uzbekistan Fund for Reconstruction and Development will bolster the ADB's assistance with a loan of $270 million for the project worth $700 million. Moreover, Uzbekenergo and the Government of Uzbekistan will jointly offer $130 million to support the planned investment. The six-year project is expected to be accomplished by the end October 2020. Uzbekistan secured the ADB s membership in August 1995. The regional lender s current collaboration portfolio for Uzbekistan across 40 projects is valued at $14.5 billion.

The country in partnership with the bank is carrying out the implementation of the strategically vital investment projects and ventures like the setting up of two steam gas units with a joint capacity of 900-MW at the Talimarjan thermal power facility, a mega-scale scheme for construction as well as reconstruction of roads, plus development of the Ustyurt Gas Chemical Complex at Surgil deposit and a housing scheme in rural regions of Uzbekistan.

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Source: TendersInfo (India)

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