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Tajik parliament ratifies pact with ADB on funding power project

Xinhua, February 25, 2015 Adjust font size:

Tajikistan's lower chamber of parliament ratified Wednesday an agreement between Tajikistan and the Asian Development Bank (ADB) on funding an electric power wholesale metering and transmission reinforcement project in Tajikistan.

The project stipulates joint funding by the ADB and the Tajik government for the installation of new modern electricity meters and more than 1,800 electric power transformers as well as the construction of 95 km of new 220kV transmission cables.

Once completed, the project would reduce electric power losses and improve power supply in the city of Panjakent in the northern province of Sughd, said First Deputy Minister of Finance Jamoliddin Nuraliev at the parliamentary session.

The total cost of project is 67 million U.S. dollars, including a 54 million U.S. dollar grant provided by the ADB and 13 million U.S. dollars contributed by the Tajik government, Nuraliev said.

The Asian Development Bank, whose projects focus on the modernization of transmission and distribution facilities, sector restructuring and reforms, is the largest multilateral development partner in Tajikistan's energy sector, with the total energy approvals reaching 430 million dollars. Endi