DUSHANBE, May 15, 2010, Asia-Plus — An agreement on additional financing for the Energy Emergency Recovery Assistance project was signed by the Government of Tajikistan and the World Bank in Dushanbe in May 14, according to the Ministry of Finance (MoF).
This additional financing is allocated to support to meet energy shortages in winter seasons and mitigate the heavy social costs and humanitarian crises that result from the Tajikistan network disconnection from the Central Asia Power System. More specifically, the additional financing aims to ensure basic access to electricity for about 250,000 people in northern Tajikistan, and increase heat and power supply to the entire country, without overdrawing or depleting hydro resources in winter.
As it had been reported earlier, the Executive Board of the World Bank approved US $15 million as an additional grant for the mentioned project from International Development Association (IDA) funds on May 6.
These funds were approved by the Executive Board of the World Bank in response to the Government of Tajikistan request to address the energy shortages in the country.
