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China Eximbank provides $113.8 million loan for Conversion of Units 1, 2, 3, 4, 5 of Novo‐Angren Thermal Power Plant Project.
| Funder | Export-Import Bank of China (China Eximbank) |
|---|---|
| Recipient Organization | Joint-Stock Commercial Bank 'Uzbek Industrial and Construction Bank' (JSCB Uzpromstroybank) (UzPSB) |
| Country | Uzbekistan |
| Start Date | Jun 09, 2010 |
| End Date | Apr 30, 2031 |
| Duration | 7,630 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 53668 |
Grant Description
China Eximbank provides $113.8 million loan for Conversion of Units 1, 2, 3, 4, 5 of Novo‐Angren Thermal Power Plant Project.
On June 9, 2010, China Eximbank signed a $113,835,650 loan agreement with Uzbek Industrial and Construction Bank (JSC Uzpromstroybank) for the Conversion of Units 1, 2, 3, 4, 5 of Novo‐Angren Thermal Power Plant Project.
The total cost of the project was $213.7 million USD, financed with loans from China Eximbank ($113.8 million) and the Fund for Reconstruction and Development of Uzbekistan ($52.8 million), as well as own funds from Uzbekenergo ($47.1 million).
The purpose of this project was to switch five generating units of the Novo‐Angren Thermal Power Plant (TPP) to year-round coal burning and modernize the Angren coal mine. The project sought to increase coal production at the mine two-fold -- to 6.4 million tons a year.
The Novo-Angren TPP is one of two power stations in Uzbekistan partly operating on coal (in winter – during the heating season). Its installed capacity is 2,100 megawatts. The power plant provides electricity to major industrial facilities and to the population of the Tashkent region. The general contractor of the project was Sino Coal International Engineering.
This project was completed on January 20, 2014.
Staff Comments
1. This project is also known as the Angren Coal Mine Modernization Project. The Russian name of this project is «Перевод энергоблоков №№ 1—5 Ново-Ангренской ТЭС на круглогодичное сжигание угля (I этап) с модернизацией разреза «Ангренский».
Sources & References
- Uzbekistan Energy/Power Sector Issues Note
- China’s Expanding Overseas Coal Power Industry: New Strategic Opportunities
- Commercial Risks
- Climate Challenges and Geopolitical Implications 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
Joint-Stock Commercial Bank 'Uzbek Industrial and Construction Bank' (JSCB Uzpromstroybank) (UzPSB)
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