Measures adopted on construction of two combined-cycle gas turbines at Takhiatash TPS
27/10/2014 00:11
Measures adopted on construction of two combined-cycle gas turbines at Takhiatash TPS
27/10/2014 00:11
Tashkent, Uzbekistan (UzDaily.com) -- President of Uzbekistan Islam Karimov signed a resolution “On primary measures on implementation of investment project “Construction of two combined-cycle gas turbines with the capacity of 230-280 megawatts at Takhiatash thermal power station” on 22 October 2014.
The document was adopted for further developing generating capacities due to introduction of modern energy saving technologies and ensuring sustainable energy supply to consumers and population of Uzbekistan.
The resolution recalled that the Board of Directors of the Asian Development Bank (ADB) approved allocation of loan for US$300 million to implementation of “On primary measures on implementation of investment project “Construction of two combined-cycle gas turbines with the capacity of 230-280 megawatts at Takhiatash thermal power station” on 15 July 2014, which was issued for 25 years with five-year grace period.
Uzbekenergo is an executive body, responsible for targeted and efficient use of the ADB loan and implementation of the investment project, the resolution said.
It added that expenses, related with repayment of the ADB loan, interest rates, extra charges, commissions and other expenses on loan, will be paid due to own resources of Uzbekenergo.
Uzbek leader entrusted Minister of Finance to sign a loan agreement with ADB on behalf of Uzbekistan and agreement on re-crediting of ADB loan between Uzbekistan and Uzbekenergo. He also entrusted the chairperson of Uzbekenergo to sign a project agreement with the ADB.
Ministry of Justice of Uzbekistan was ordered to issue legal conclusion on loan agreement between Uzbekistan and ADB and agreement on re-crediting of ADB loan between Uzbekistan and Uzbekenergo in line with set order.
Islam Karimov ordered Uzbekenergo to develop feasibility study of the project and agree it with authorized bodies, and submit it to the Cabinet of Ministers within three months.
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