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China Development Bank provides $220 million loan for 370MW Tashkent Combined Cycle Power Plant Modernization Project
| Funder | China Development Bank (CDB) |
|---|---|
| Recipient Organization | Uzbekenergo State Joint Stock Company (SJSC) |
| Country | Uzbekistan |
| Start Date | Aug 08, 2012 |
| End Date | Aug 08, 2028 |
| Duration | 5,844 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 40148 |
Grant Description
China Development Bank provides $220 million loan for 370MW Tashkent Combined Cycle Power Plant Modernization Project On August 8, 2012, Uzbekenergo State Joint Stock Company (SJSC) secured a loan agreement (agreement #6510201201100000066) from China Development Bank worth $220 million to finance for the 370MW Tashkent Combined Cycle Power Plant Modernization Project.
The Government of Uzbekistan provided a sovereign guarantee for the loan. This project involved a 370 MW steam-gas installation. The total project cost was $511.8 million.
This project was not only financed by the CDB loan, but also by Uzbekistan's Reconstruction and Development Fund ($76.2 million), Synecta a.s. ($68.9 million), Uzbekenergo ($117.7 million), Uzpromstroybank ($26.9 million), and Japan International Cooperation Agency ($2.037 million). Construction began in 2012.
This project was completed on or around January 19, 2016.
Staff Comments
- The Russian name of this project is 'Строительство парогазовой установки мощностью 370 МВт на Ташкентской ТЭС'. This project is sometimes also referred to as the 370 MW CCGT Construction on Tashkent Thermal Power Plant (TPP).
- For loan and debt rescheduling records with variable interest rates, AidData calculates the all-in interest rate at T0 based on the reference rate (such as LIBOR or EURIBOR) on the loan start date, plus any known margin. Please see the methodology for additional details.
Sources & References
- Uzbekistan attracts China State Development Bank loan for Tashkent thermal power station
- China Development Bank issues a loan to Uzbekenergo to modernize Tashkent TPP
- Project Design Document Form for CDM Project Activities (F-CDM-PDD)
- Uzbekistan gets $220 mln credit from China Development Bank for modernization of Tashkent combined heat and power plant
- Govn’t approves measures on financing modernization of Tashkent thermal power station
- Proposed Loan
- Various Chinese Loans for Power Sector Projects in Uzbekistan, О МЕРАХ ПО РЕАЛИЗАЦИИ ИНВЕСТИЦИОННОГО ПРОЕКТА 'СТРОИТЕЛЬСТВО ПАРОГАЗОВОЙ УСТАНОВКИ МОЩНОСТЬЮ 370 МВТ НА ТАШКЕНТСКОЙ ТЭС'
- Tashkent thermal power plant modernization to be launched in Uzbekistan in 2012
- DEVELOPMENT COORDINATION (power projects in Uzbekistan)
- Modernization of Tashkent plant in Uzbekistan to be completed in 2015
- Tashkent Thermal Power Plant Uzbekistan
- Commissioning works start at Tashkent thermal power plant
- Govn’t approves measures on financing modernization of Tashkent thermal power station
- Tashkent Combined Cycle Power Plant Modernization Project Loan applications and disbursements are still being received and processed as the projects continue to evolve. Ongoing monitoring and evaluation are in place to ensure project continuity.
All Grantees
Uzbekenergo State Joint Stock Company (SJSC)
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