WB Approves Additional Funds To Support Tajikistan's Energy Sector
(MENAFN- Trend News Agency)
BAKU, Azerbaijan, July 8. The World bank (WB)
approved an additional $80 million within the framework of the
current development energy project in Tajikistan, Trend reports citing the
press service of the World Bank.
Power Utility financial Recovery Project, which was approved by
WB in 2020, aims to increase the financial viability, improving
reliability of electricity supply, and contribute to better
governance of the country's power utility system in order to
improve the long-term sustainability of Tajikistan's energy
industry.
'We are committed to continuing our support to Tajikistan's
energy sector by supporting improvement of operational efficiency,
supply reliability, financial viability, governance, and
transparency of electricity sector,' the WB's Country Manager in
Tajikistan Ozan Sevimli said.
However, in spite of the current challenging environment, the
additional financing provided by the World Bank will significantly
contribute to the development of Tajikistan's energy sector.
Meanwhile, Tajikistan's energy sector has been a priority area
of engagement for the World Bank. Currently, the World Bank is
financing 25 projects in Tajikistan, totaling at $1.3 billion.
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