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Tajikistan will receive a loan from the EFSD for the rehabilitation of Nurek in the amount of $40 million

11.03.2019 191 просмотров

The draft agreement on the provision of a $40 million loan by the Eurasian Stabilization and Development Fund (ESSF) for the rehabilitation of the Nurek HPP is planned to be signed in the near future.


The EFSD specialists during their visit to Tajikistan last week held negotiations on the provision of this investment loan with the government of the republic, reports the Eurasian Development Bank (EDB), which manages the EFSD funds. 

Representatives of the Fund held talks with a government delegation under the leadership of the Minister of Finance of the Republic of Tajikistan Fayziddin Kakhhorzoda. As part of the mission, a number of meetings were held with representatives of the Ministry of Justice, the Ministry of Foreign Affairs, the Ministry of Economic Development and Trade, the Ministry of Energy, the State Committee for Investments and State Property Management, the Tax Committee, as well as OJSHC "Barki Tojik" and OJSC "Nurek HPP." agreement has been comprehensively reviewed. It is expected to be signed after approval by the EFSD Council,” the bank said. 
EDB placed
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The agreement to be signed provides for the acquisition, supply, installation and commissioning of six single-phase autotransformers to replace similar equipment that has expired its service life and is in poor technical condition. Funding is provided for 20 years, including 8 years of grace period for the payment of principal.

Pending Xia that the implementation of the project will improve the safety and reliability of the hydroelectric power plant, ensure uninterrupted power supply to the republic and reduce the cost of operation and repair of autotransformers. Implementation of the project “Rehabilitation of the Nurek HPP. Phase 1 will begin after the signing of the agreement. 

The Eurasian Fund for Stabilization and Development (EFSD) in the amount of $8.5 billion was established on June 9, 2009 by the governments of the Republic of Armenia, the Republic of Belarus, the Republic of Kazakhstan, the Kyrgyz Republic, the Russian Federation and the Republic of Tajikistan. 

The goals of the EFSD are to assist member countries in overcoming the consequences of the global financial crisis, in ensuring their economic and financial stability and supporting integration processes in the region. The member states of the EFSD endowed the EDB with the functions of the Asset Manager of the Fund and signed an Agreement on the management of EFSD funds with the Bank.

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