EBRD Commits $50 Million to Tajik Hyrdropower Plant

The European Bank of Reconstruction and Development has committed $50m to assist in funding the modernization of Tajikistan’s Qairokkum hydroelectric plant. The plant, a 1957 holdover from the Soviet era, is currently the only facility that generates electricity for Tajikistan’s northern provinces, which currently hosts about 500,000 homes. The funds allocated to the project by…