Turkey’s Cengiz Enerji to build 500-MW TPP in Uzbekistan’s Jizzakh region

By Muzaffar Ismailov in Tashkent November 15, 2023

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.

Read in IntelliNews Pro
Get IntelliNews Pro

Related Articles

Beijing-based AIIB to extend $300mn in loans to Turk Eximbank

Beijing-based Asian ... more

EBRD to extend €100mn loan to ING Turkey

The European Bank for Reconstruction and Development ... more

UAE-based E20 acquires 70% stake in Turkish fish farmer Lucky Fish from Mediterra

UAE-based E20 Investments has acquired a 70% stake in Lucky Fish, or ... more

Follow Us On

Most Read

  1. Top Ukrainian politician David Arakhamia gives seventh confirmation of Russia-Ukraine peace deal agreed in March 2022
    4 days ago
  2. Armenia marks new era with French military purchases
    2 days ago
  3. Turkey equipping Moscow’s war machine, data shows
    2 days ago
  4. Russia-backed paramilitary camps detected in Bosnia’s Republika Srpska, defence minister says
    6 days ago
  5. Lavrov confirms Ukraine war peace deal reached last April, but then abandoned
    2 months ago
  1. Oil continues to flow to Israel via Turkey despite Erdogan’s vehement speeches on plight of Gaza
    30 days ago
  2. Top Ukrainian politician David Arakhamia gives seventh confirmation of Russia-Ukraine peace deal agreed in March 2022
    4 days ago
  3. Russia overtakes Germany to become fifth biggest economy in the world in GDP on a PPP basis
    3 months ago
  4. After one year of operations, Russia’s McDonald’s replacement already more successful than original, owner reveals
    5 months ago
  5. Turkey fails to respond to Iran call for ban on shipping oil to Israel
    28 days ago

Reports

Dismiss