The European Bank for Reconstruction and Development (EBRD) and the Asian Development Bank (ADB) are contributing towards greater efficiency of Tajikistan’s Shabakahoi Taqsimoti Barq (STB), a state-owned power utility responsible for electricity distribution, by providing a financial package of US$ 110 million, according to EBRD Dushanbe Resident Office.
It consists of an EBRD sovereign loan of up to US$25 million and an ADB grant of US$85 million and will fund the introduction of advanced metering and grid enhancements in seven municipalities across Tajikistan. The project, which will also help install billing systems and facilitate various grid improvements, will be implemented in the country’s capital Dushanbe as well as in the cities and districts of Buston, Danghara, Konibodom, Isfara, Istaravshan and Panjakent.
It is expected that upon implementation the project will help reduce STB’s power losses by around 30 GWh and cut CO2 emissions by almost 2,000 tons annually.
The latest project under the EBRD’s Tajikistan Energy Efficiency Framework, it will also help create employment opportunities for local young people.
To date, the EBRD has invested €765 million through 140 projects in Tajikistan’s economy.
Tajikistan sends humanitarian aid to the flood-affected Kazakhstan
Tajikistan presents its tourism opportunities at High-Level Tourism Policy Forum in Korea
Tajik, Kyrgyz border services make joint statement
Russia to be with Taliban along the way? Russia preparing to recognize the Taliban regime in Afghanistan
Iranian media reports say three drones downed after explosions heard in Isfahan
Many regions in Russia impose more and more restrictions on the types of jobs migrants can hold
USAID launches a new US$18 million initiative to boost economic growth in Tajikistan
Tajikistan, Uzbekistan sign the Allied Relations Treaty
Tajik, Uzbek leaders discuss issues of expanding bilateral cooperation between their countries
Tajik-Uzbek Investment Company plans to finance implementation of 14 projects with a total worth of US$135 million
All news
Авторизуйтесь, пожалуйста