NEWS AND EVENTS
March 26, 2013
Uzbekenergo, South Korean firms ink contract on Talimarjan project
Uzbekenergo state joint stock company and consortium of South Korean companies – Daewoo International Corp. and Hyundai Engineering & Construction – signed a contract on modernization of Talimarjan thermal power station in Kashkadarya region.
According to the statement of Hyundai Engineering & Construction, the sum of contract makes up US$819 million.
Under the contract with state-owned power generation company Uzbekenergo, Hyundai E&C will build two 450-megawatt combined cycle power plants in Talimarjan, about 440 kilometers southwest of the Uzbek capital Tashkent.
Hyundai Engineering & Construction stated it plans to complete the turnkey project in 37.5 months after work begins.
Uzbekenergo state joint stock company announced a tender on construction of two combined cycle gas turbine units 450 MW each at Talimarjan thermal power station with the starting price of US$893 million. Daewoo International Corp. and Hyundai Engineering & Construction won the tender.
Three more consortiums also participated in tender process. They were Japan’s Mitsui and South Korea’s Samsung, Japan’s Sumitomo and South Korea’s Lotto, as well as France’s Alstom and Spain’s Duro Felguera.
The project cost is US$1.28 billion. The Government of Uzbekistan attracted ADB loan for US$350 million and loan of Japan International Cooperation Agency (JICA) forUS$300 million. The remaining US$630 million will be financed by the government, the Fund for Reconstruction and Development of Uzbekistan (US$250 million), and the power utility company.
Within the project, it is also planned to build a 218 km 500 kV single circuit transmission line from Talimarjan TPP to Sogdiana substation. The project with the cost of US$166.8 million will be implemented due to loan of the World Bank for US$110 million and resource of the Uzbek side.
First power block of Talimarjan thermal power station was commissioned in December 2004. The designed capacity of the block is 800 megawatt. The construction cost was US$400 million. (Source:UzDaily.com).