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Economy 18/08/2010 Uzbekkomir to implement investment projects for US$1.1bn
Uzbekkomir to implement investment projects for US$1.1bn
Tashkent, Uzbekistan (UzDaily.com) -- Uzbekkomir open joint stock company developed a programme on modernization of coal industry of Uzbekistan, which includes eight investment projects worth US$1.1 billion by 2015.

Among the largest investment projects is modernization of the Angren open-pit mine in Tashkent region. Annual coal extraction here will be increased from 3.2 million tonnes to 6.4 million tonnes, UzA reported.

This will allow to reduce gas consumption at Novoangren heat power station by 850 million cubic meters per year.

Uzbekkomir signed a US$119.8-million contract with Sino Coal International Engineering (China) to modernize the Angren mine, which will help improve the coal quality.

The complex of planned measures should lead to increasing the share of coal in the country’s fuel and energy balance to 15%.

Uzbekkomir, which annually produces some 3 million tons of coal, will also modernize and re-equip Shargun and Boysun coal mines and build new mines at Boysun coal deposit.

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