BAKU, Azerbaijan, August 6. The European Bank for Reconstruction and Development (EBRD) will provide 10 million euros (about $11.6 million) in additional financing to Tajikistan to support efforts to reduce electricity losses in the country's Khatlon region.
This was reflected in the statement by the Ministry of Foreign Affairs of Tajikistan.
The financing agreement was signed on August 5 by Tajik Finance Minister Fayziddin Kakhhorzoda and the EBRD's representative in Dushanbe. The terms of the loan were not disclosed.
The funds will be used to implement a project aimed at improving the efficiency of electricity distribution in Khatlon, one of Tajikistan's most populous regions.
"The financing will support measures to reduce electricity losses in Khatlon Region," the Finance Ministry said in a statement.
The project includes reducing both technical and commercial electricity losses through the partial modernization of distribution networks, the introduction of a modern metering and billing system, and the installation of smart electricity meters.
The initiative is expected to improve the reliability of electricity supply, enhance the operational efficiency of the power distribution system and strengthen revenue collection through more accurate electricity metering.
The new financing builds on an earlier agreement under which the EBRD committed 43 million euros (around $49.6 million) in loans and grants to support electricity loss reduction projects in the Sughd and Khatlon regions.
The additional funding reflects the EBRD's continued support for modernizing Tajikistan's energy infrastructure as the country works to improve the efficiency of its electricity network, reduce system losses and strengthen the long-term sustainability of its power sector.
