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Times of Central Asia
The European Bank for Reconstruction and Development (EBRD) and the European Union (EU) are improving the sustainability and efficiency of Tajikistan's energy sector by financing power-distribution grid upgrades in the Khatlon region of the country, the Bank said on April 29.
A financing package of pound 35 million will be provided to Shabakahoi Taksimoti Bark (STB), a state-owned power utility responsible for electricity distribution in Tajikistan. The financing will consist of a pound 20 million sovereign loan provided by the EBRD and a pound 15 million investment grant provided by the EU under its Investment Facility for Central Asia (IFCA).