Dutch company Stone City Energy and Uzbekistan’s Energy Ministry signed in Tashkent on April 19 a Power Purchase Agreement and an Investment Agreement for the construction of a new thermal power plant (TPP) in the Surkhandarya Region, the ministry said.
“The agreements signed with Stone City Energy are yet another example of Uzbekistan working with international partners for the benefit of the country,” Uzbekistan’s Energy Minister Alisher Sultanov said. “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,” he added.
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, Uzbekistan’s Energy Ministry said on April 20 . 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 cubic meters of natural gas annually.
Construction of the TPP will create 2,000 jobs with 150 specialist jobs to be created post-commissioning.
Stone City Energy, is a Dutch special purpose company, headquartered in Rotterdam, which operates in the fields of electricity generation and distribution. The company, formed in May 2019 to serve as a base for the consortium that will finance, project, construct and operate combined cycle gas turbine power plants and distribution in Uzbekistan.