ADB to provide Tajikistan with $10 million
The Asian Development Bank (ADB) has delivered a grant worth $10 million for the 'Access to green funds' project implementation to assist Tajik families increase access to energy and energy efficiency, Avesta news agency reported with reference to the ADB representative office in Tajikistan.
The project is supported by a grant of technical assistance to create the potential worth $ 750,000 from the Japan Fund for Poverty Reduction's funds.
The loans will be delivered to the population and small business through microfinance institutions to purchase and install energy efficient roofs and doors, ceilings and floors with insulation, advanced water pumps, solar water heaters and other products within the project's implementation.
"The public should know the energy efficient options are beneficial, despite the fact they require significant initial investments," ADB Permanent Representative in Tajikistan Si Si Yu said.
This innovative project will help remove barriers to purchase energy efficient products through raising public awareness and delivering the funds.
The project will focus on female borrowers and support the development of the private sector through the promotion of local production of innovative products and services of green energy.
The Tajik government and the sub-borrowers will deliver partner funding worth $1.12 million for the project which is due to be completed in 2019.