EBRD AND EU HELP MODERNISE ELECTRICITY NETWORK IN TAJIKISTAN
- Apr 29, 2021 10:45 am GMTApr 29, 2021 4:33 pm GMT
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The following information was released by the European Bank for Reconstruction and Development (EBRD):
By Anton Usov
29 Apr 2021
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35 million package by EBRD and EU to power distribution utility in Tajikistan
Shabakahoi Taksimoti Bark to upgrade grid in the south of the country
Introduction of billing and metering infrastructure
The European Bank for Reconstruction and Development (EBRD) and the European Union (EU) are improving the sustainability and efficiency of Tajikistans energy sector by financing power-distribution grid upgrades in the Khatlon region of the country.
A financing package of 35 million will provided to Shabakahoi Taksimoti Bark (STB), a state-owned power utility responsible for electricity distribution in Tajikistan. The financing will consist of a 20 million sovereign loan provided by the EBRD and a 15 million investment grant provided by the EU under its Investment Facility for Central Asia (IFCA).
The funds will be used for the modernisation of the power distribution networks in the cities of Kulob and Bokhtar and in adjacent territories. The financing will also help introducing billing and metering infrastructure and upgrade STBs workshops.
As part of the project, STB, in cooperation with domestic educational establishments, will develop professional training schemes for local young people.
The investment is the latest project under the EBRDs Tajikistan Energy Efficiency Framework designed to promote power-sector reforms and provide funds key energy infrastructure affected by decades of underinvestment.
The project is supported by grant funding from the EU IFCA and the EBRD Shareholder Special Fund.