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19 Sep 2018
Tajikistan: Nurek 500 kV Switchyard Reconstruction Project
In December 2008, the government signed a $54.77 million grant agreement with the Asian Development Bank (ADB) to fund the construction of a new 500 kilovolt (kV) GIS for the Nurek hydroelectric power plant. The fund was relent to Barki Tojik Open Joint Stock Holding Company (BT) at an interest rate of 5% per annum over a period of 25 years, including a 5-year grace period with the foreign exchange risk being borne by BT. The proceeds were from ADB’s Special Funds.
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