Turkey’s Cengiz Enerji and affiliate Cenergo are to build a 500-megawatt thermal power plant (TPP) in Uzbekistan’s Jizzakh region.
A corresponding decree on the commission was signed on November 8 by Uzbek President Shavkat Mirziyoyev.
The combined-cycle TPP is to be located on a plot of 9.5 hectares. Initially, Cengiz Enerji proposed building a 400-MW TPP.
The company has already concluded an agreement with National Electric Grids on the guaranteed purchase of electricity for 25 years with payment in local currency. In turn, Cenergo provided a $2mn bank guarantee for the project.
The water management ministry and UzGasTrade were instructed to issue contracts for the supply of processed water and gas with the project company. The volumes will be determined based on the parameters in the electricity purchase agreement.
Cenergo has obtained the right to open accounts with foreign banks to receive loans, repay the loans and use funds received in foreign currency. In addition, it will be able to pay directly with foreign counterparties.
In the spring of 2022, Mirziyoyev and Turkish President Recep Tayyip Erdogan launched a 240-MW power plant in Kibray that was built by Cengiz Enerji. Seven months later, a 220-MW Cengiz-built plant in Havast district was brought into operation.
Cengiz Enerji has proposed building a 450-MW TPP in Syrdarya region.
Related Articles
Turkey ups steel exports 28% in 2024 driven by EU shipments, US takes just small percentage
Turkey upped its steel exports by 27.6% y/y in 2024 to 13.4mn tonnes, according to the Turkish Steel Association (TCUD). Growth was driven by shipments to the European Union (5.9mn tonnes, up ... more
TPAO arm contracts Subsea7 for Sakarya gas field work offshore Turkey
Turkish Petroleum Offshore Technology Centre AS (TP-OTC) has contracted international offshore service provider Subsea7 to provide inspection, repair and maintenance (IRM) services at the Sakarya ... more
Turkish firm Bonysocks earmarks $50mn to build Egyptian factory
Turkish socks manufacturing company Bonysocks plans to invest $50mn to build a new factory in Egypt, Al Ahram reported on January 12 citing the Turkish Ambassador in Cairo, Salih Mutlu Şen. ... ... more
Most Read
-
Indonesia expands military role in government, protesters clash with police in Jakarta
29 days ago
-
Serbian biotech Dren Bio sold to Sanofi for $1.9bn
29 days ago
-
Putin tells Russia's oligarchs that the return of Western business will not be easy or cheap
1 month ago
-
US sets six conditions for Iran talks in Trump letter to Supreme Leader
28 days ago
-
Korean opposition to push for impeachment motion against acting president
29 days ago