On August 29, the POSCO DAEWOO-Hyundai E&C consortium completed a 929 megawatt (MW) combined cycle power plant in Talimarjan, Kashkadarya, approximately 440km southwest of Tashkent, the capital of Uzbekistan.
Kashkadarya Governor Ruziev Zafar Sharopovich, Uzbek government officials, POSCO DAEWOO Managing Director Hyun-soo Kim, and representatives from Hyundai E&C and the Asian Development Bank were among the attendees at the completion ceremony.
The project dates back to March 2013, when Uzbekistan’s state power authorities and the POSCO DAEWOO-Hyundai E&C consortium signed a construction agreement for the 929 MW combined cycle power plant. The USD 862 million project was financed by the Asian Development Bank.
This is the biggest single-unit power plant in Uzbekistan, and will account for 6.6 percent of all the power produced in the country. The plant’s electric power will be supplied to the southern parts of Uzbekistan.
As for the construction process itself, the consortium followed a turn-key process, meaning all the operations including engineering, purchasing and construction were carried out simultaneously.
“POSCO DAEWOO’s global network, project operation and management skills paired with Hyundai E&C’s construction skills and technology created the synergy that led to the success of this project,” said an official of the consortium. “POSCO DAEWOO plans to use this opportunity to expand its IPP projects beyond Central Asia to Latin America and Africa.”
POSCO DAEWOO is currently operating the first 30MW private capital power plant in Papua New Guinea and is working on building a second plant. Also in the works are new private capital power plant projects in Myanmar, Indonesia and Latin America. POSCO DAEWOO plans to carry out projects related to gas combined cycle power plants and solar power all over the world, and expand the power plant business to the size of 2GW in generation capacity by 2020.