Barqi Tojik and China Theban Electric sign contracts to $300mln

Apr 19, 2006 - I. Kurbanov - Avesta - Commercial News Update

Dushanbe - Barqi Tojik Joint Stock Holding Company and Chinese China Theban Electric Apparatus Stock company (CTEAS) signed two contracts on the construction of high voltage power lines in Tajikistan. Both contracts were signed Wednesday in Dushanbe, a spokesman for Barqi Tojik Nozir Edgori told Avesta.

We are speaking of the construction of a 500 kWt South-North and a 220 kWt Lolazor-Khatlon power lines. Total cost of these projects is estimated at around $340mln.

The Chinese Exim Bank allocated a $300mln credit for implementation of these projects. The rest part, 10% of the total volume of funds, will be allocated by the Tajik government. A 350km long South-North power line that will connect energy systems of south and north Tajikistan will cost $281mln, while the cost of the second project is estimated at around $59mln.

According to the agreements, the funds will be transferred to CTEAS, the general contractor of the construction, within a 30-day period. The contracts were signed by the Chairman of Barqi Tojik Sharifkhon Samiev and head of CTEAS Li Biangu.