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Excerpt from report by Tajik news agency Asia-Plus
BBC Monitoring Central Asia ( July 06, 2002 )

Foreign Loans Provided for Tajik Power Project

Dushanbe, 5 July: The World Bank will give Tajikistan three credits worth a total of 32.5m dollars. Agreements on these credits were signed in Almaty on 3 July.

[Passage omitted: the loans will be used for three projects - covered, see "Tajikistan agrees three loans with World Bank" by Interfax news agency, Moscow, in English 1229 gmt 3 Jul 02]

Alongside the World Bank, two separate lenders, namely the Swiss government and the Aga Khan Fund for economic development, are taking part in implementing a project to complete the construction of the Pomir-1 hydro-electric power station and to put it into operation. They allocated 5m dollars and 7.5m dollars respectively.

The Pomir-1 hydro-electric power station will supply Mountainous Badakhshon Autonomous Region with electricity. The project provides for the completion of the construction of the Pomir-1 hydro- electric power station and for doubling its capacity so that it can generate up to 28 MW of electricity.

[Passage to end omitted: Tajikistan has been cooperating with the World Bank since 1993]

(C) 2002 BBC Monitoring Central Asia. via ProQuest Information and Learning Company; All Rights Reserved