TASHKENT (TCA) — The Export-Import Bank of China and Uzbekistan’s Turonbank are cooperating in construction and modernization of hydroelectric power plants in Uzbekistan, the Jahon information agency reports.
In order to develop bilateral cooperation in the implementation of the program for the construction and modernization of hydroelectric power stations in Uzbekistan, a loan agreement of $58.5 million for a period of 20 years was signed on November 30, 2017 between Turonbank and Export-Import Bank of China to finance the projects of JSC Uzbekhydroenergo for the construction of 4 small hydroelectric power stations in the Tashkent, Namangan and Surkhandarya regions of Uzbekistan.
During the recent summit meeting of the Shanghai Cooperation Organization in Qingdao on June 9-10, 2018, Turonbank and the Export-Import Bank of China signed loan agreements worth $85.8 million for a period of 20 years to fund the projects of JSC Uzbekhydroenergo for the construction of a hydroelectric power station in the Tashkent region and the modernization of four hydroelectric power stations in Tashkent, as well as in Andijan and Tashkent regions.
Following the construction and modernization of the above-mentioned hydroelectric power stations, their capacity will reach 62.1 MW, while the average annual power generation will be 406.1 million kWh.
At the moment, Turonbank and JSC Uzbekhydroenergo are preparing new projects for the construction and modernization of hydroelectric power stations in Samarkand and Tashkent regions for $46.6 million.
