An Iranian company, Mapsa, has applied to invest EUR150m in a cement factory in the city of Taskomur in Kyrgyzstan, the company’s managing director told IRNA.
Ali Ahmadi noted that the annual production capacity of the factory is projected to stand at 4Mt.
He said that the factory’s fuel will be supplied from Tagneh Coal Mine, located 30km away from the factory.
The mine, with a reserve of 50Mt, is considered one of the largest in Kyrgyzstan and is capable of providing fuel for the factory for several decades.
Exploitation of the mine began 20 years ago but was suspended due to the lack of funds. The construction of the cement factory put on tender by the Kyrgyz government.
The final cost of constructing the cement factory and resuming mining activities in the coal mine has been projected to reach EUR400m, a part of which will be paid by the Kyrgyz government.