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(Trend) -- Uzbekistan will attract China's
Citic Pacific Ltd. to expand capacity of Kungrad Soda Plant, a source in the
Uzbek government told Trend on Friday. According to the source, the State
Joint-Stock Company Uzkhimprom and Chinese company signed a memorandum of
cooperation, which envisages implementation of a project to increase plant
capacity by 1.5 times - up to 150 KTa of soda ash by 2015. The contract
between CITIC and Uzkhimprom is expected to be signed in the first half of
2012.
At present, the Chinese company and specialists from the design institute
"Uzkhimesanoatloyiha", which is included in Uzkhimprom, is developing the
preliminary feasibility study at an initial cost USD 50 million, the source
said. The project financing is envisaged via a loan from China Exim Bank and the
Uzbek side’s funds.
Kungrad soda plant, with a current design capacity of 100 KTa of
soda ash, was commissioned in August 2006 by China's Citic Pacific Ltd. and
Uzkhimprom. The total project cost was USD 100 million.
mrcplast.com
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