On the afternoon of August 12, 2024 at the Ministry of Finance of the Republic of Tajikistan was held the signing ceremony of grant agreements between the Republic of Tajikistan and the Asian Development Bank on the project «Enabling Climate-Responsive Business Environment Improvement Program» and additional financing of the project «Rehabilitation of Sarband HPP with capacity of 240 MW».
These agreements were signed by the Minister of Finance of the Republic of Tajikistan – Mr. Qahhorzoda Faiziddin Sattor and the Country Director of Asian Development Bank in Tajikistan – Ms. Shanny Campbell.
The main objective of the project «Climate Smart Business Environment Improvement Programme» is to strengthen SMEs, improve governance, transparency, digitalization and strengthening promotion of international trade in a climate-sensitive manner.
The amount of this Programme is USD 50.0 million and it will support the state budget.
The main objective of the additional financing of the project «Rehabilitation of Sarband HPP with capacity of 240 MW» is replacement and commissioning of Unit 4 of Sarband HPP, which will increase the capacity of generators up to 274 MW.
The cost of additional project financing is USD 21.0 million and is provided entirely from Asian Development Bank grant funds.
