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EBRD helps Indorama introduce advanced cotton farming technologies in Uzbekistan
EBRD helps Indorama introduce advanced cotton farming technologies in Uzbekistan
Introduction of new farming technologies
Parallel loan by IFC, support by FINTECC The European Bank for Reconstruction and Development (EBRD) is supporting the modernisation of agriculture and enhanced economic opportunities for the local population in Uzbekistan with a financing package of up to US$ 70 million to Indorama Agro (Indorama). The package will consist of a US$ 60 million capital expenditure loan and a US$ 10 million working capital loan in Uzbek sum equivalent. It will support the operations of Indorama, an established cotton industry player engaged in rotational crop farming, a systematic approach to selecting locations and cycles of crop planting.
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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).
EBRD and EU help modernise electricity network in Tajikistan
Shabakahoi Taksimoti Bark
Introduction of billing and metering infrastructure 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. A financing package of €35 million will provided to Shabakahoi Taksimoti Bark (STB), a state-owned power utility responsible for electricity distribution in Tajikistan. The financing will consist of a €20 million sovereign loan provided by the EBRD and a €15 million investment grant provided by the EU under its Investment Facility for Central Asia (IFCA).
By mid-2021 the European Commission plans to propose a bill for a Carbon Border Adjustment Mechanism (CBAM), often referred to as a carbon border tax. It would reflect the amount of carbon emissions attributed to goods imported into the European Union, re