The European Bank for Reconstruction and Development (EBRD) has committed to provide around US$ 71 million in financing for the first phase of the reconstruction of the Qairokkum hydropower plant in Tajikistan. The financing for the plant's owner-operator, Barki Tojik, Tajikistan's state-owned power producer and supplier, includes a sovereign-guaranteed loan of US$ 50 million, as well as US$ 21 million from the Pilot Programme for Climate Resilience of the Climate Investment Funds (a $10 million concessional loan and an $11 million grant), the bank announced on 2 September. The EBRD has also arranged for technical cooperation grants from Austria, the UK and the EBRD's Shareholder Special Fund, totalling $4.7 million.
展开▼
