23:04 / 22.09.2020
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JICA to fund Phase 2 of the Electricity Capacity Building Project in Uzbekistan

A resolution of the Cabinet of Ministers “On measures to implement the project “Increasing the potential of the electric power industry (phase 2)” has been adopted, Norma reports.

Photo: Alexander Imedashvili

To further develop the potential of the electric power industry, the document provides for timely technological maintenance of gas and gas turbine equipment at operating TPPs, ensuring their stable and reliable operation, and conducting established scheduled inspections.

The investment project “Increasing the potential of the electric power sector (phase 2)” will be implemented with a loan from the Japan International Cooperation Agency (JICA). The loan is provided for a period of 30 years in the amount of 36.621 million Japanese yen with a grace period of 10 years.
 
Within the framework of the project, JICA provides consulting services worth 443 million Japanese yen; supply and repair of components, materials, spare parts and equipment for the amount of 32.860 million Japanese yen.
 
Taking into account interest payments during the investment period and unforeseen expenses, the total loan amount will be 36.621 million Japanese yen.
 
To service the loan agreement, the National Bank for Foreign Economic Affairs of Uzbekistan is instructed to conclude an interbank agreement with MUFG Bank, Ltd. (Japan) for mastering and maintenance of funds allocated by JICA.
 
As an exception, JSCs Navoi TPP and Turakurgon TPP are allowed to conclude direct contracts without tenders with Japanese companies Mitsubishi Hitachi Power Systems Ltd. and with Mitsubishi Corporation, and JSC Tashkent CHPP – with Mitsubishi Hitachi Power Systems Ltd. and Itochu Corporation – for the supply and repair of components, materials, spare parts and equipment for combined cycle plants, gas turbines, main and auxiliary equipment and the provision of technical and consulting services outside Uzbekistan

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