| Project Detail |
The provision of financing for the modernisation of the power distribution grid in northern and southern regions of Tajikistan (the Project) in the form of up to €28 million sovereign loan to the Republic of Tajikistan with loan proceeds to be on-lent to OJSC Shabakahoi Taqsimoti Barq (the STB, the Company), the implementing entity. The Banks financing will target the installation of automatic billing and metering systems in 9 networks of Bokhtar, Kulob and Guliston branches of the Company. The Project will be co-financed with a €15 million co-investment grant and TC grant funding from the European Unions Asia Pacific Investment Facility (APIF). Project Objectives The Project will target one of the key constraints to economic development in the country - high levels of inefficiency and technical losses in the power distribution network. The Projects principal objectives are to: (i) address the most urgent needs for the replacement of aged infrastructure, (ii) contribute to the reduction of distribution network losses, (iii) introduce modern billing and metering infrastructure, improving payment discipline and cash collection, upholding operational and financial efficiency and sustainability of the power sector. |
