China Eximbank loans $58.5 million to Turonbank for four hydropower projects (linked to #54143)

On November 30, 2017, Turonbank of Uzbekistan secured a loan of $58.5 million from the Export-Import Bank of China with a term of 20 years. The funds were raised for a four projects: A hydropower plant on the Tuyabuguz reservoir in Urta Chirchik district, Tashkent Region. The total cost of the project is $15,900,000, but the amount of the Eximbank loan is unknown. The power station will have a capacity of 12 MW and the implementation dates are 2017-2019. Construction on the project began in June-August 2017, and the plant is expected to be commissioned at the end of 2018, but was not formally opened until March 2019. A cascade on the Big Fergana Canal in Namangan Region, Uchkurgan district (reported by the State Investment Committee of the Republic of Uzbekistan). The total cost of the project is $25,900,000, but the contribution of the Eximbank is unknown. The station will have a capacity of 12 MW and the dates of implementation are 2017-2019. Construction began in June-August 2017, and completed in July 2019. Kamchik small hydropower station on the Akhangaran River in Pap district, Namangan region (reported by the State Investment Committee of the Republic of Uzbekistan). The project cost is $27,200,000, but the amount of the Eximbank loan is unknown. The station will have a capacity of 18 MW and the dates of implementation are 2018-2021. According to MarketWatch, construction began in June-August 2017. Zarchob cascade of small HPPs on the Tupolang River in Sariasiya district, Surkhandarya region (reported by the State Investment Committee of the Republic of Uzbekistan). The project cost is $80,390,000, but the amount provided by the Eximbank is unknown. The stations will have a capacity of 69 MW, and the dates of implementation are 2017-2020. According to MarketWatch, construction began in June-August 2017. Loan details are unknown. In June 2018, another loan agreement was signed between China Eximbank and Turonbank for HPP financing (captured in #54143).

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