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Tajikistan: Chinese company gets gold mine in return for power plant

Tajikistan: Chinese company gets gold mine in return for power plant

April 11, 2018


TBEA contributed most of the $349 million it cost to build a power plant in Dushanbe.

Apr 11, 2018

 

A company from China has reportedly been granted a license to operate a gold mine in Tajikistan in exchange for building a power plant free of charge in the country’s capital.Asia-Plus newspaper reported on April 11, citing an unnamed official with the State Geology Department, that Xinjiang-based TBEA has received the concession to develop the Upper Kumarg mine in the Sughd region in northern Tajikistan. The company was previously given the concession for the Eastern Duoba mine.The newspaper’s source said that the mining license was granted as remuneration for the funds TBEA spent on building the 400-megawatt Dushanbe TETs-2 power plant. Work on that thermal power plant was completed in December 2016 at a total cost of $349 million. Of that overall budget, around $17.4 million were provided by the Tajik government.

 

The arrangement described to Asia-Plus is that TBEA will work on the gold deposits as long as it takes to recoup its outlay.

 

Source: https://eurasianet.org/s/tajikistan