RIA Novosti reported quoting source in the government that the Uzbek Government, which can approve it in the beginning of 2013. After that the financing will be opened to the project.

The report said that JICA can adopt decision on allocation of loan in March 2013.

The project envisages construction of the second combined-cycle plant with the capacity of 450 megawatt, as well as gas compression station. The project will be implemented in two years.

The preliminary cost of the project is US$500 million. Along with JICA loan, the project will be financed due to own resources of Uzbekenergo state joint stock company and loan of the Fund for Reconstruction and Development of Uzbekistan.

The consortium of Turkish Calik Enerji Sanayi ve Ticaret AS and Spanish Initec completed construction of combined-cycle plant with the capacity of 450 megawatt at the Navoi thermal power station in October 2012. The project cost was US$530 million.

Total capacities of the Navoi thermal power station with new combined-cycle plant reached 1,546 megawatt, which allows to produce 7.9 billion KWH electricity a year.