In line with the document, the Chinese bank will allocate loan for US$113 million within the economic cooperation between Uzbekistan and China on the programme of crediting of the SCO member countries.

The loan will be directed at the modernization of Angren coal mine in Tashkent region. Total project cost is US$154.4 million.

According to Uzbekugol, Sino-coal International Engineering Design & Research Institute won a tender, announced within the project “Transfer of energy blocks No. 1-5 of Novo-Angren thermal power station to using coal (1 phase) with the modernization of Angrean coal mine”. Uzbekugol and Chinese firm inked the contract on this project.