DUSHANBE, January 6, 2015, Asia-Plus — China’s company, Xinjiang Tebian Electric Apparatus Stock Co. Ltd (TBEA), may receive license for development of one of two gold deposits located in northern Tajikistan, the head of the Main Geology Directorate under the Government of Tajikistan, Murod Khol, told journalists in Dushanbe on January 6.
According to him, TBEA may receive the licenses only after more precise determination of reserves of those deposits.
“Exploration operations at the Duoba and Upper Kumarg fields are expected to be completed before 2017 and the government will make decision on development of these gold deposits after determination of their reserves,” Khol said.
He further added that it could not be ruled out that TBEA would receive license for development of one those deposits.
Khol noted that TBEA had constructed a combined heat and power (CHP) plant in Dushanbe. “Under the agreement between the government of Tajikistan and TBEA, the Chinese company will receive license for development of one of gold deposits in Tajikistan in exchange for construction of the CHP plant in Dushanbe,” Tajik chief geologist said.
We will recall that TBEA received licenses for exploration of the Duoba and Upper Kumarg fields in 2013.
A total cost of the Dushanbe-CHP plant constructed by TBEA is 30 million U.S. dollars.
Xinjiang Tebian Electric Apparatus Stock Co. Ltd (TBEA) is one of the largest electrical manufacturing groups in China and the first floated stock company in Chinese A Shore Market in transmission industry of China after merging the former Hengyang Transformer Works (a large-size stated company founded in 1958 and located in Hunan province, China), and well-known for manufacturing all kinds of high voltage power transmission, transformation and distribution equipments. Under the administration of TBEA, there are 10 large backbone factories, 5 research institutes, 6 business entities and 8 participated enterprises.
