World Bank to provide $650 mln to Tajikistan for finalizing construction of Rogun HPP - Tajik Finance Ministry
DUSHANBE. Dec 19 (Interfax) - Tajik Finance Minister Faiziddin Qahhorzoda and World Bank Group Country Manager for Tajikistan Ozan Sevimli have signed an agreement on a $650-million grant for the project of sustainable financing of the Rogun Hydropower Plant project.
"The project aims to strengthen energy independence of Tajikistan and to support the sustainable economic development. It will lay a solid foundation for the provision of access to reliable and renewable energy, meet the growing domestic demand and allow expanding the green energy export potential on a regional scale," the Tajik Finance Ministry's press center said.
There will be two tranches of financing provided under separate agreements, it said.