Barqi Tojik and China Theban Electric sign contracts
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
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.