of February 29, 2024 No. PP-93
About measures for implementation of the investment project "Construction of System of Accumulating of Electrical Energy Capacity of 150 MW (300 MW/hour) in Asakinsky District of the Andijan Region"
(In edition of Resolutions of the President of the Republic of Uzbekistan of 22.07.2024 No. PP-275, of 17.12.2025 No. PP-379)
For the purpose of diversification of sources of production of electricity, stable providing the population and industries of economy 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 and the China Gezhouba Group Overseas Investment Co. LTD company (People's Republic of China) (further - the Investor) within the Investment project "Construction of System of Accumulating of Electrical Energy Capacity of 150 MW (300 MW/hour) in Asakinsky District of the Andijan Region" (further - the Investment project) the investment agreement (further - the Investment agreement) providing implementation by the Investor is signed on December 27, 2023:
designings, financings, construction and operation of system of accumulating of electrical energy capacity of 150 MW (300 MW/hour) in Asakinsky district of the Andijan region throughout the entire period of implementation of the Investment project;
attraction of direct foreign investments in the amount of on predesigns of only 144 million US dollars with acceptance on possible risks;
b) as a result of direct negotiations between JSC Natsionalnye elektricheskiye seti Uzbekistana and the Investor the Agreement on services of accumulating of electrical energy (further - the Agreement) on December 27, 2023 is signed according to which:
The investor under this agreement yields the rights and obligations for benefit of organized by him within the project of ENERGY CHINA ANDIJAN XAKAN BATTERY ENERGY STORAGE SYSTEM LLC (further - the Project company);
The project company
assumes obligation of secured provision of readiness for operation of system of accumulating of electrical energy;The project company
provides guarantee of the first-class bank in the amount of 5, to 4 million US dollars as ensuring proper execution of the obligations in the period of construction;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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