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EBRD to allocate funds for hydropower plant rehabilitation in Kyrgyzstan

Oil&Gas Materials 13 September 2013 17:14 (UTC +04:00)

Azerbaijan, Baku, Sept.13 /Trend V. Zhavoronkova/

The European Bank for Reconstruction and Development (EBRD) will allocate $75 million to rehabilitate the Toktogul hydropower plant in Kyrgyzstan, KyrTAG reported with reference to the country's energy and industry ministry.

EBRD will participate in the project as a co-donor, along with the Asian Development Bank (ADB), that is the major donor of the project.

The EBRD is ready to allocate $75 million from the required $190 million for the implementation of the second stage of the project.

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