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Alisher Sultanov

Uzbekistan’s signs $1.2bn investment agreement with Stone City Energy

TASHKENT, April 20, 2021

The Ministry of Energy of the Republic of Uzbekistan has signed an Investment Agreement for the construction of a new thermal power plant (TPP) in the Surkhandarya Region, and a Power Purchase Agreement with the Dutch company Stone City Energy.
 
The total value of the 1,560MW TPP construction project is $1.2 billion, with the project expected to launch at the end of 2024. Stone City will design, finance, build, commission, operate and manage this new TPP for 25 years.
 
The TPP will employ the latest technologies, including modern HL class steam and gas units manufactured by Siemens Energy, which will save 1.1 billion cu m of natural gas annually.
 
Construction of the TPP will create 2,000 jobs with 150 specialist jobs to be created post-commissioning.
 
Following a survey which began in December 2020, a site for the plant has been allocated on 150 hectares of land, in the Angora district of the Surkhandarya region.
 
Energy Minister of Uzbekistan, Alisher Sultanov, said:“The agreements signed with Stone City Energy are yet another example of Uzbekistan working with international partners for the benefit of the country. Due to the country’s economic growth, and the growing needs of the population, we need to fulfil future energy demand. We look forward to working closely with Stone City in the years to come.”
-- Tradearabia News Service



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