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ADB approves grant of $136 million on modernization of Tajik hydropower plant
Source: The Times of Central Asia, 6.12.2013
Asian Development Bank (ADB) approved on Thursday a grant of $136 million to modernize main hydropower plant on Vakhsh River in Tajikistan.
The ADB provides funds to increase productivity in the sector through infrastructure rehabilitation and reform of the sector to improve its viability. The approved grant is the ADB's largest grant ever given to Tajikistan for a project to increase the supply of renewable electricity in the national and regional grid.
Electromechanical equipment of main hydropower plant (HPP), located 80 kilometers from the capital Dushanbe will be modernized as part of the project. The HPP with an installed capacity of 240 megawatts (MW) is the fourth largest hydroelectric power station in the country. Construction of main HPP began in 1956; its first unit was commissioned in 1962.
Tajik government will provide counterpart funding for the project $34 million. Open Joint Stock Holding Company Barki Tojik is the executive agency of the project.
Tajikistan joined ADB in 1998. During this period, ADB approved for Tajikistan total aid in excess of $1.2 billion in concessional loans, grants and technical assistance.