EDB provides 9 bln rubles to Siberian Generating Company to construct a new unit at Abakan CHP plant
MOSCOW. July 10. KAZINFORM Eurasian Development Bank (EDB) and the Siberian Generating Company Group (SGC) signed today a loan agreement to finance turnkey construction of a new unit at the Abakan combined heat and power (CHP) plant, the Bank's press service said.
In accordance with the agreement, EDB will provide the Yenisei Territorial Generating Company (TGC-13)(a member of the SGC Group) with a seven-year non-revolving loan facility of RUR 9 billion. The total cost of the new unit is estimated at RUR 10.5 billion.
The fourth turbine generator and a new steam boiler will be installed at the Abakan CHP plant. Water and fuel supply systems and the power generation system will be reconstructed. The new 120 MW unit is scheduled to be commissioned in October 2013.
The Abakan CHP plant is one of the largest electric power facilities in the Republic of Khakassia and the main supplier of heat for its capital, Abakan, accounting for about 80% of heat supplies to the consumers of the town's housing and utilities sector.
The new unit at the Abakan CHP plant is needed to make the region's electric power system more flexible and balanced, including in case of emergencies. The investment project will increase the plant's generating capacity by one third, from 270 MW to 390 MW.
"This project is a priority for our Bank as it is being implemented in the energy sector and will have a positive effect on the advancement of the production, housing and utilities infrastructure of the Republic of Khakassia," Deputy Chairman of the EDB Management Board Gennady Zhuzhlev stated. "The increase in the capacity of the Abakan CHP plant will help meet the growing demand for electricity and heat and will foster economic growth and sustainable development in the region as a whole."