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Uzbekistan : ADB approves loan to upgrade TAKHIATASH power plant in UZBEKISTAN

July 18, 2014

The Asian Development Bank has announced the approval of loan to advance Takhiatash thermal power plant in Uzbekistan.

The loan amount is a $300 million and it will help to obtain the country s growing demand for electricity.

Rune Stroem, the director of the energy division of the ADB s Central and West Asia department, commented 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.This loan will help finance modern generating units to increase the reliability of power supply, save energy, and cut greenhouse gas emissions.

From 2007-2013, Uzbekistan s economy has increased by over 8 percent per year on average, but aging power infrastructure dating back to the Soviet era has limited its ability to accommodate the demand for power.

The scope of project includes the building of 2 new energy-efficient combined-cycle gas turbines of up to 280 megawatts each and the decommissioning of 3 current turbine units.

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Source: TendersInfo (India)

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