Overview

China Eximbank provides $165.6 million for 150 MW Angren Thermal Power Plant Project

Commitments (Constant USD, 2023)$188,203,928

Commitment Year•2011Country of Activity•UzbekistanDirect Recipient Country of Incorporation•UzbekistanSector•EnergyFlow Type•Loan

Status

Project lifecycle

Completion

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Jan 1, 2011

Start (actual): May 3, 2014

End (actual): Aug 21, 2016

First repayment (originally scheduled): Dec 31, 2015

Last repayment (originally scheduled): Dec 27, 2030

Geospatial footprint

Map overview

Visualizes the AidData-provided feature geometry for this project.

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The project site is located in the old Angren Thermal Power Plant (Ангренская ТЭС) in the south suburb of Angren City within the Tashkent region. More detailed locational information can be found at http://globalenergyobservatory.org/geoid/41765 and https://www.openstreetmap.org/way/229924899#map=15/41.0102/70.1187

Stakeholders

Organizations involved in projects and activities supported by financial and in-kind transfers from Chinese government and state-owned entities

Ultimate beneficial owners

At least 25% host country ownership

Funding agencies

State-owned Policy Banks

Export-Import Bank of China (China Eximbank)

Receiving agencies

State-owned Banks

Uzpromstoybank

Implementing agencies

State-owned Banks

Uzpromstoybank

State-owned companies

Harbin Electric International Co., Ltd. (HEI)

Guarantors

Government Agencies

Government of Uzbekistan

Loan desecription

China Eximbank provides $165.6 million for 150 MW Angren Thermal Power Plant Project

Grace period•5 yearsGrant element•53.1012%Interest rate (t₀)•2%Interest type•Fixed Interest RateMaturity•20 years

Narrative

Full Description

Project narrative

On September 9, 2011, China Eximbank and Uzbek Industrial and Construction Bank of Uzbekistan (JSC Uzpromstroybank) signed an agreement for a $165.6 million loan for the Angren Thermal Power Plant Modernization project. The loan was provided on the following terms: 20 year maturity, 5 year grace period, 2% interest rate. The Government of Uzbekistan also provided a sovereign guarantee for the China Eximbank loan. The total cost of the project was $242.6 million, with Uzbekenergo funding the remaining $75.1 million. Harbin Electric was the contractor responsible for project implementation. The EPC contract was signed between Harbin Electric and Uzbekenergo on September 26, 2012. The EPC contract came into force on December 31, 2013. A groundbreaking ceremony was held on May 3, 2014. The Angren TPP was successfully connected to the power grid on August 21, 2016.