Project features

The EBRD is considering providing a loan to the JSC National Electric Grid of Uzbekistan (NEGU) to finance the construction of (i) ca. 125 km 500 kV OHTL between the settlements of Sarimay (Khorezm region) and Djankeldy (Bukhara region), and (ii) ca. 10 km 500 kV OHTL connecting a new 500 kV open switchgear with the 500 kV Navoi transmission line. The main purpose of this assignment is to carry out a detailed review and analysis of the Project and prepare a project preparation study at a level sufficient for the Bank to make a decision regarding the finance of the Project as well as conduct Local Feasibility Study as per PD No. 3857 at a level required by the local authorities to approve the Project.

Services provided

Task A: Detailed Project Review

• Review, analyse the existing project documentation, transmission system development plan until 2025 and capex plans
• Review, analyse and if needed propose improvements on the technical characteristics and technologies that will be used for the Project, including transmission line routing, type and materials of construction, SCADA
• Identify and describe the potential to introduce new smart technologies to improve the efficiency, quality and reliability of operations
• Assess the Company’s compliance with applicable cyber security related regulations and best practices

Task B: Analysis of the new line operation

• Review and analyse the present operation modes of the power system, the medium- and long-term supply and demand forecasts
• Develop two scenarios of power system loads, one pessimistic and one optimistic, with the related electricity loads based on current economic development forecasts of the country and the regions
• Develop estimations of the expected benefits from the operation of the new line for both scenarios in terms of (N-1) criterion, system reliability and key performance indicators, losses and carbon emissions reductions

Task C: Preparation of Bankable Project Study

• Prepare the Project technical analysis including costs in line with international best practices
• Perform a detailed cash-flow profitability analysis
• Draft a Project Implementation Plan (PIP), including a procurement plan as per Bank’s requirements

Task D: Conduct Local Feasibility Study as per PD No. 3857

• Preliminary tower spotting, tag & tension calculations; preparation of BoQ and cost estimations
• Financial net present value (FNPV), Financial internal rate of return (FIRR)
• Economic net present value (ENPV), Economic internal rate of return (EIRR)
• Financial Analysis of the Initiator, analysis of the risks of the project
• Social and Environmental Aspects: preparation of local preliminary EIA report