09 June 2023

“Thermal Power Plants” JSC and the credit agency “SACE” jointly implement a new promising project

According to the report of the press service of  JSC “Thermal Power Plants”, during the business forum held during the visit of the Head of our state to Italy, three major agreements and one memorandum were signed between JSC “Thermal Power Plants” and the Italian credit agency “SACE”.

According to them, 4 major projects will be implemented for a total cost of 2,263.3 million euros, including the modernization of the Tashkent TPP, the construction of gas piston units and hot water boilers in 6 districts of the capital, the construction of 24 gas piston units on the territory of the 4th heating center in the Yunusabad district. units with a capacity of 4.3 MW each and 4 hot water boilers with a capacity of 130 MW each.

According to the memorandum, opportunities are being created to provide residents of the capital with additional heat and electricity through the installation of cogeneration facilities in the 1st, 3rd, 5th, 6th, 7th, 8th, 9th and 10th thermal centers. This project is also based on EPC+F construction financing and full commissioning terms.

It is noteworthy that each of the projects is aimed at the stable provision of consumers with high-quality electrical and thermal energy.

Only under the agreement on the modernization of the Tashkent TPP, it is expected to bring the existing capacity of the station to 990 MW.

At the same time, it is envisaged to organize effective combustion of natural gas in a combined cycle due to modern combined-cycle plants, increase indicators due to the phased introduction of modern and highly efficient technologies into the production of electric and thermal energy, reliable supply of electricity to industrial enterprises and housing and communal enterprises of the Tashkent region. Based on the project with a total cost of 544.5 million euros, it is planned to further develop the social sphere of the region and create new jobs.

– In the process of attracting investors to projects, international banks and financial institutions were considered. As the result, the proposal of the Italian credit agency “SACE” was accepted. According to one of the main financing conditions, Italian companies will participate in projects as general contractors, – says Alisher Juraev, head of the International Relations and Investment Promotion Department of “Thermal Power Plants” JSC.

For information, all 4 of the above projects are aimed at implementing the Resolution of the Cabinet of Ministers dated January 13, 2023 No. 13 “On improving the activities of district heating enterprises in the city of Tashkent”.