New silicon production plant launched in Uzbekistan
23/07/2014 13:12
New silicon production plant launched in Uzbekistan
23/07/2014 13:12
Tashkent, Uzbekistan (UzDaily.com) -- The second plant on production of silicon has been commissioned in Uzbekistan, according to the material of the Ministry of Economy and State Statistics Committee.
Uz-Shindong Silicon, an Uzbek-Korean joint venture, launched a plant on production of silicon at the special industrial zone Angren in Tashkent region.
The designed capacity of the plant is 5,000 tonnes of silicon a year. The raw materials will be supplied to the plant from quartz field in Jizzakh region.
The founders of Uz-Shindong Silicon are the State Committee on geology and mineral resources of Uzbekistan and Uzmetkombinat open joint stock company, Shindong Enercom Inc and its subsidiary Solartech.
The project with the cost of US$10 million will be financed due to direct investments of the founders of the venture.
The first plant on production of technical silicon was launched in Uzbekistan in 2012. Uz-Kor Siliсon, an Uzbek-South Korean joint venture, commissioned the first line of the capacities on production of technical silicon in Navoi region of Uzbekistan.
Within the project, the processing complex with the capacity of 12,000 and mining complex with the capacity of 39,000 tonnes of ores a year were constructed.
The project with the cost of US$20.45 million was financed due to foreign direct investments of NeoPLANT at the size of US$9.65 million and loans of Korean firm for US$3.3 million.
The venture was founded by NeoPlant (50% stake), State Committee on geology and mineral resources of Uzbekistan and Navoiazot (25% stake each).
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