TASHKENT, February 15 (BigpowerNews) — Power Machines has completed the modernization of the Farhad Hydroelectric Power Plant (HPP) in the Syrdaryinskiy region of Uzbekistan. The contract value with the Russian company amounted to Euro 56.5 million according to the press service of the Ministry of Energy of Uzbekistan on Tuesday.
"The capacity of the Farhad HPP after modernization increased from 114 MW to 127 MW. The modernization work was done in cooperation with the Russian Power Machines company, the ministry’s Telegram channel reported. According to the feasibility study of the project, the contract value with the Russian company to replace worn-out equipment on a turnkey basis was Euro 56.52 million. The funding of the project with a total value of 58.27 million euros was done by taking out a Euro 45.22 million loan from the Russian Vnesheconombank and funds provided by the Uzbek side.
Earlier, the Uzbekhydroenergo JSC press service reported that in 2020-2022 the Power Machines would build and conduct modernization work of five more hydroelectric power plants in Uzbekistan (excluding the Farhad HPP) with a capacity of 275 MW and a cost of Euro 138.4 million.
In October 2021, Power Machines completed the modernization of the largest TPP in Uzbekistan – the Syrdaryinskaya Thermal Power Plant. The project, which has been underway since 2019, provided modernization for six power units of the plant with an increase in their total capacity from 1.8 MW to 1.95 thousand MW. The value of the contract with the Russian company on a turnkey basis was $177.1 million.
Over 50 power plants with a total capacity of about 15 GW operate in the Uzbekistan power system, including a total capacity of 11 thermal power plants – 13.1 GW. The rest of the electricity has been generated by HPPs and autonomous thermal power plants of industrial enterprises. The potential for electricity production is over 60 billion kWh. By 2030, the growth in electricity consumption is estimated to reach 110 billion kWh.
However, over the past three years, Uzbekistan has resumed importing electricity from neighboring Central Asian countries to meet the needs of the population and industries, especially during winter peak loads.