of August 7, 2023 No. PP-267
About measures for implementation of the investment project "Construction of Steam-gas Power Plant Capacity of 450 MW in the Jizzakh Region"
For the purpose of building-up of capacities of production of electrical energy with attraction of direct foreign investments in electric power industry, and also stable and high-quality providing industries of economy and the population with energy resources:
1. Take into consideration that:
a) between the Government of the Republic of Uzbekistan on behalf of the Ministry of investments, the industry and trade, the company "CENGIZ ENERJI SAN. VE TIC A.S." (Republic of Turkey) (further - the Investor) and Cenergo LLC (further - the Project company) is planned implementation of the investment project "Construction of Steam-gas Power Plant Capacity of 450 MW in the Jizzakh Region" (further - the Investment project);
b) between the Government of the Republic of Uzbekistan on behalf of the Ministry of investments, the industry and trade, the Investor and the Project company signed on June 1, 2023 the Investment agreement providing implementation by the Investor and the Project company:
designings, financings, construction and operation of steam-gas power plant capacity of 450 MW in the Jizzakh region;
attraction of direct foreign investments in the amount of by provisional estimate of all 337, 5 million US dollars with acceptance on possible risks;
c) between JSC Natsionalnye elektricheskiye seti Uzbekistana and the Project company on June 1, 2023 within the Investment project is signed the Purchase agreement of electrical energy according to which:
The project company as ensuring proper execution of the obligations in the period of construction provided guarantee of the first-class foreign bank in the amount of 2, to 0 million US dollars;
The project company assumed obligation on the guaranteed realization of the made electrical energy of JSC Natsionalnye elektricheskiye seti Uzbekistana;
JSC Natsionalnye elektricheskiye seti Uzbekistana assumed obligation on the guaranteed purchase of electrical energy and implementation of payment for electrical energy in national currency within 25 years.
2. Within implementation of the Investment project:
approve the Investment agreement signed between the Government of the Republic of Uzbekistan on behalf of the Ministry of investments, the industry and trade, the Investor and the Project company;
approve the Purchase agreement of electrical energy signed between JSC Natsionalnye elektricheskiye seti Uzbekistana and the Project company.
3. Determine that according to the Investment contract and agreement on purchase of electrical energy during the term of their action payments on purchase of the electric power are made on the flat fare denominated in foreign currency and paid in national currency.
4. Provide to the Ministry of investments, industry and trade, to the Department of Energy and JSC Natsionalnye elektricheskiye seti Uzbekistana it is right on the conclusion of agreements on direct assignment of rights of the Project company and the Investor to other creditors who are taking part in financing of the Investment project, in case of non-execution of agreement obligations by the Project company, signed within implementation of the Investment project.
5. Resolve JSC Natsionalnye elektricheskiye seti Uzbekistana:
carrying out together with the Project company of selection and the conclusion of contracts with the international independent engineering companies and other consultants for implementation of the Investment project without conducting obligatory examination according to the procedures determined in the Purchase agreement of electrical energy;
participation as the supplier of natural gas for the purposes of the Investment project;
opening of the confirmed in foreign currency, renewable letter of credit of foreign bank for benefit of the Project company as ensuring obligation fulfillment on purchase for three months by the made Project company of electrical energy.
6. To provide to the ministry of water economy and JSC UzGazTrade signing with JSC Natsionalnye elektricheskiye seti Uzbekistana of agreements on delivery of the Project company of natural gas and service water according to the amounts and parameters provided in the Purchase agreement of electrical energy.
At the same time to determine that suppliers of natural gas and service water if other is not provided by agreements, bear responsibility in recourse procedure to JSC Natsionalnye elektricheskiye seti Uzbekistana according to the legislation according to obligations on compensation of JSC Natsionalnye elektricheskiye seti Uzbekistana of the Project company of the caused losses, including any obligations on payment of penalties and amounts of lost profit, resulting from lack of supply of natural gas and service water because of the Ministry of water economy and JSC Uztransgaz.
7. Provide to the Project company within implementation of the Investment project after payment of all taxes and fees the following rights within financing of the Investment project:
open bank accounts in foreign banks abroad for receipt of the credits, obtaining and use of foreign currency cash (including credit receipts in foreign currency);
to directly make payments to foreign contract organizations, suppliers or foreign creditors outside the Republic of Uzbekistan without carrying out such payments through bank accounts in the Republic of Uzbekistan.
8. Determine that within the Investment project of regulation and the rule of accomplishment of the construction and land works connected with construction of steam-gas power plant, and also designings of the bases of buildings and constructions are regulated by international standards according to provisions of the Purchase agreement of electrical energy.
9. Agree with the offer of the Ministry of investments, the industry and trade, the Ministry of Agriculture, Ministry of water economy and khokimiyat of the Jizzakh region on transfer of 9,54 of hectare of the parcels of land in the territory of Sharaf-Rashidovsky district of the Jizzakh region allocated for implementation of the Investment project from category of lands of agricultural purpose in category of lands of the industry, transport, communication, defense and other assignment according to appendix.
10. To khokimiyat of the Jizzakh region to provide allocation to the Department of Energy of the parcels of land corresponding to the conditions specified in the Investment contract and agreement on purchase of electrical energy, necessary for construction of steam-gas power plant with the right of permanent use in a month.
At the same time:
a) Provide to Department of Energy provision in lease of the corresponding parcels of land transferred to it based on this Item:
The project company - for construction of steam-gas power plant for the period equal to the term of implementation of the Investment project;
JSC Natsionalnye elektricheskiye seti Uzbekistana - for construction of overhead power transmission lines;
b) within implementation of the Investment project:
exempt the Project company from compensation of losses of farm-production (compensation payments) for use of lands of agricultural purpose;
equate the amount of the rent paid by the Project company for the parcels of land to the size of the land tax.
Disclaimer! This text was translated by AI translator and is not a valid juridical document. No warranty. No claim. More info
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