Uzbekugol and Gas agency of India to plan to realize the projects of $40 million

In 2012-2014, Uzbekugol, the largest producer of solid fuel in Uzbekistan, and the State gas agency of India (The Indian Gas Agency) map out to realize their joint ventures in the sphere of the coal industry, a representative of Uzbekugol reported to the Agency Prime on Tuesday.

The representative of the Uzbek company noted that Uzbekugol and the State gas agency of India have signed a memorandum on cooperation, providing for the participation of Uzbekugol in the realization of projects of coal production in India.

In particular, within the document the Indian party plans to involve Uzbek specialists into the engineering and development of coal deposits, and also project of underground gasification of coal.

The financing of the projects at approximate value of $40 million will be carried out on account of funds of the Indian party.

“ Through untill the end of 2012, within the memorandum preliminary feasibility studies of the projects are planned to be prepared and a number of questions of procedure are planned to be solved to discuss further forms of the cooperation,” – the representative of Uzbekugol noted.

At present, Uzbekugol, which has 98% of the production of solid fuel in the republic, carries out the industrial development of the largest – Angren brown coal deposit in the Tashkent region with proved coal reserves in the volume of 1.9 billion tons.

The structure of Uzbekugol has Podzemgaz, specialized at underground processing of brown coal into producer gas with its further use at the Angren power station in the Tashkent region.

http://rosinvest.com/novosti/931330

Translated by Svetlana Kyrzhaly