NOV. 21 2016 (The Conway Bulletin) — Japan’s Mitsubishi Corporation won a contract to build a 900MW combined-cycle power plant in the Ferghana Valley in eastern Uzbekistan, a critical development for the country’s power generation sector.
This is Mitsubishi’s second deal in Uzbekistan in the past month. In October, it agreed to build a second co-generation station at the Navoi thermal power plant. In July 2015, Mitsubishi had won a tender to build a fertiliser plant in Navoi.
Mitsubishi said that the Japanese and Uzbek government will finance construction of the Turakurgan Thermal Power Station.
“This project will be financed by an Official Development Assistance (ODA) Loan provided by the Japan International Cooperation Agency (JICA), and Uzbek government funds,” the company said in a statement.
The parties did not disclose the value of the contract, this secrecy is not unusual in Uzbekistan, but an earlier assessment of the project said it would cost $704m.
ENDS
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(News report from Issue No. 306, published on Nov. 25 2016)