DUSHANBE, September 29, 2015, Asia-Plus – The governments of Tajikistan and Switzerland have signed the supplement to agreement on the Pamir Private Power Project (PPP), according to the Ministry of Finance (Secretariat).
The document was signed here on September 28 by Abdusalom Qurboniyon, Minister of Finance of Tajikistan, and Ivo Germann, Head of Operations, the Swiss Cooperation Office in Tajikistan.
The main objective of the supplement to this project (phase 2) is in providing an urgent assistance with restoration of the power transmission lines that were destroyed in the Gorno Badakhshan Autonomous Region (GBAO) by mudslides and flooding caused by rapid snow and glacier melt in July this year, the Secretariat said.
The main components of this project are: construction of the power transmission line from the Pamir-1 hydroelectric power plant (HPP) to Khorog; consulting services; and strengthening of the Pamir Energy disaster risk reduction potentials.
625,000 U.S. dollars are provided under the supplementary agreement and the project is planned to be finished before the end of this year.
The objective of the Pamir Private Power Project for Tajikistan is, through private sector involvement, to improve the reliability and enhance the quantity of supply of electricity in the Gorno Badakhshan Autonomous Region in a financially, environmentally and socially sustainable way.
Pamir Energy, an Open Joint Stock Company, was formed in 2002 by the Aga Khan Development Network (under a 25 year Concession Agreement with the Government of Tajikistan) to restore electricity services in GBAO, Tajikistan through the development of hydropower and the rehabilitation of the transmission and distribution networks. Pamir Energy is the result of combined investment: 70% provided by the Aga Khan Fund for Economic Development (AKFED) and 30% by the International Finance Corporation (IFC). Components of the company have been financed by AKFED, IFC, the Government of Switzerland, and through a World Bank loan provided to the Government of Tajikistan.
