Uzkimyosanoat completes construction of second line of Dehkanabad potash fertilizers plant
14/03/2014 14:52
Uzkimyosanoat completes construction of second line of Dehkanabad potash fertilizers plant
14/03/2014 14:52
Tashkent, Uzbekistan (UzDaily.com) -- Uzkimyosanoat state joint stock company completed construction of the second line of the Dehkanabad potash fertilizers plant in Kashkadarya region of Uzbekistan, RIA Novosti quoting representative of the plant.
The report said that construction of the complex completed and debugging works of technologic line is underway. First products will be produced in new capacities on 20 March.
In the third quarter of 2014, it is planned to launch cargo cable road with the length of 33 km and production capacity of 2.1 million tonnes of ore a year. The road will help to link the plant with Tyubegata potassium salts deposit. Currently, raw materials from deposit to the plant transported with trucks.
The construction of the second line of Dehkanabad potash fertilizers plant with the cost of US$254 million envisages to increase its capacities three times to 600,000 tonnes of potash fertilizers a year, of which 350,000 tonnes will be exported.
Dehkanabad Plant on Production of Potash Fertilizers has been commissioned in July 2010. The project capacity of the plant is 200,000 tonnes of product a year. The project cost was US$123.7 million.
Fund for Reconstruction and Development of Uzbekistan allocated US$61.9 million loan, while China’s Eximbank issued US$41.7 million loan to finance the project. Uzkimyosanoat also directed its own funds to finance the construction.
Uzbekistan started to construct Dehkanabad Plant on Production of Potash Fertilizers in 2007 on the base of Tyubegata potassium salts deposit. In 2008, Uzkimyosanoat inked agreements with Russia’s Zapodnouralskiy Machinjstroitelniy Kontsern and China’s CITIC Pacific Ltd on construction of the plant. In particular, the Russian firm will build mining complex and Chinese firm - processing plant.
In 2011, Russia’s Zapadno-Ural Machinery-Construction Concern (ZUMK) signed a contract with Uzkimyosanoat on expanding capacities of mining complex with the cost of US$128 million, while China’s CITIC Ltd inked an agreement with Uzkimyosanoat to expand enrichment complex for US$110 million.
The project was financed due to US$110.5 million loan of China Eximbank, resources of Uzkimyosanoat and Fund for Reconstruction and Development of Uzbekistan at the size of US$128.1 million.
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