China’s Tebian Electronic Apparatus Stock Company Limited (TBEA) is to build a 250 MW CHP plant in the Tajik capital Dushanbe, according to local media reports.
TBEA will build the $200 million plant on a build-operate-transfer (BOT) basis.
Once the CHP plant is built, all the revenue over the next 12 years will go to the investor. After the 12 years are up, Tajikistan will become the owner of the CHP plant, which will most likely come under the control of its incumbent power utility Barqi Tojik.
Tajikistan relies almost exclusively on hydropower to generate electricity, which becomes scarce in the winter months when rivers freeze and water reservoir levels drop.
Last year, the Asian Development Bank granted Tajikistan $122 million to expand and modernize its electricity transmission network. The first two lines of the plant are scheduled to begin operations in 2013.
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