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Location:
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Saryasiya district, Surkhandarya region
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Sector:
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Mineral and petroleum exploration, mining and processing
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Total cost:
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$ 89.9 mln
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Chinese partner:
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Exim Bank of China
China Development Bank
China Railway Tunnel Group
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Uzbekstani partner:
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«Uzbekugol» JSC «Uzbekenergo» State JSC |
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Construction start:
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2017
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Putting into commission:
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2020
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China Development Bank (CDB) is a development bank in the People's Republic of China, led by a cabinet minister at the Governor level, under the direct jurisdiction of the State Council. As one of three policy banks in China, it is responsible for raising funds for large-scale infrastructure projects. CDB provides medium- to long-term financing facilities that serve China’s major long-term economic and social development strategies. Debts issued by the China Development Bank are owned by local banks and treated as risk-free assets under the proposed People's Republic of China capital adequacy rules.
The Export-Import Bank of China is a state-owned policy bank with the status of an independent legal entity. EXIM Bank plays a crucial role in promoting steady economic growth and structural adjustment, supporting foreign trade, and implementing the “going global” strategy.
China Railway Tunnel Group is the largest engineering contractor in the tunnel and underground engineering in China.
«Uzbekugol» JSC produces more than 3 million tons of coal annually. The main consumer of coal fuel is the electricity sector, which accounts for more than 85 percent of total coal consumption. Demand for solid fuels is also formed by enterprises of industry, social and communal services.
«Uzbekenergo» State JSC is a specially authorized body in the field of electric power industry, ensuring safe and reliable operation of a single electric power system and meeting the needs of consumers in electric energy.
China Railway Tunnel Group began an investment project to modernize the enterprises of Shargunkumir JSC. The task consists of cleaning the 10 old mines with a total length of 1,500 m and drilling an additional 2,227 m of the tunnel for the extraction of additional volumes of coal. [1]
The total project cost is 105.5 mln USD, of which 89.9 mln USD is a Chinese investment. Completion of the preparatory and improvement works, as well as the start of coal mining, is planned for the first quarter of 2020. To deliver products from the enterprise Shargunkumir, a new 20-kilometer railway is planned to be laid. At the same time, existing motor highways will be reconstructed.[2]
New technologies will be introduced, in particular, the most advanced high-performance coal-mining equipment will be imported, which will increase in the output of coal from 160 to 900 thousand tons per year. [3]
More than 450–500 new jobs will be created when the company starts to operate at its full capacity.
http://uzbekcoal.uz/shargun_en.pdf