A grant of 15 million dollars is intended for the Rogun Hydroelectric Power Plant. Photo: Internet The World Bank has allocated a grant of 15 million dollars to enhance the efficiency of the implementation of the Rogun Hydroelectric Power Plant construction project. This was reported in the organization’s press release dated January 12, 2023. The […]
A grant of 15 million dollars is intended for the Rogun Hydroelectric Power Plant.
Photo: InternetThe World Bank has allocated a grant of 15 million dollars to enhance the efficiency of the implementation of the Rogun Hydroelectric Power Plant construction project. This was reported in the organization’s press release dated January 12, 2023.
The grant funds are intended as technical assistance for the development of the financing structure of the Rogun Hydroelectric Power Plant project.
“This technical assistance is aimed at supporting the government of the Republic of Tajikistan in improving the financial and commercial framework structures of the Rogun Hydroelectric Power Plant construction project and enhancing its indicators in terms of technical, environmental, and social sustainability,” the press release states.
It is also reported that after the completion of construction, the Rogun Hydroelectric Power Plant project will be crucial for meeting Tajikistan’s domestic electricity needs, exporting surplus electricity to neighboring countries, and contributing to the decarbonization of the Central Asian region.
The World Bank intends to continue supporting the Republic of Tajikistan.
Currently, the active portfolio of the World Bank in Tajikistan includes 22 projects, with a total financing commitment of 1.47 billion dollars. Since 1996, the World Bank has provided financing to Tajikistan in the form of grants, highly concessional loans, and trust funds totaling 2.65 billion dollars.