NEWS AND EVENTS
July 16, 2014
ADB gave Uzbekistan $300 mln loan for development of Tahiatash thermal power plant
The Asian development Bank (ADB) has approved granting of the loan to Uzbekistan in the amount of $300 million for the development Tahiatash thermal power plant, which is aimed to provide the growing demand for electricity in the west of the country.
\"It is expected that the demand for electricity will grow twice in Karakalpakstan and Khorezm region. Reliable and stable source of electricity is very important for the industrial development of the region, said Rune Stroem, the ADB Energy Director of the Department for Central and West Asia. - This loan will help finance the construction of modern power units, which will increase the reliability of electricity supply and reduce harmful emissions into the atmosphere\".
The project financed by ADB includes construction of two gas turbines with a capacity of 280 MW. Meanwhile, 3 steam turbine power plants will be fully amortised, and additionally 2 steam turbines will be in reserve.
Along with ADB assistance for the implementation of the project, the Fund for reconstruction and development of Uzbekistan will also provide another $270 million loan. Together with the government\'s and \"Uzbekenergo\" investments, in the amount of $130 million, the total project cost will amount to $700 million. The project will be implemented within 6 years and completed in October 2020.
Also within the project it is planned to hold trainings for \"Uzbekenergo\" employees and other events. (Source: UzReport.uz)