BAKU, Azerbaijan, May 25. Germany provided additional financial funding for the construction of the small hydropower plant Sebzor in Tajikistan, Trend reports via Tajikistan’s Ministry of Economy.
Tajikistan’s Economy Minister, Zavki Zavkizoda, Regional Director of Credit Institute for Reconstruction(KfW) for Central Asia Andreas Schneider and General Director of Pamir Energy Amrikhon Raimov signed an extra funding agreement for the building of the small Sebzor HPP for 17.4 million euros.
Pamir Energy is implementing the Sebzor HPP Construction Project in Tajikistan with financial backing from the German government and the EU. The additional funding allocated under the bilateral financial cooperation between Germany and Tajikistan brings the total funding for this project to almost 53 million euros.
Previously, Tajikistan’s Economy Minister, Pamir Energy and KfW signed Agreements for the financing and implementation of the project in the amount of 17 million euros provided by the German government in July 2021, and in the amount of 18.59 million euros provided by the European Union in July 2020.
The hydroelectric power plant will be able to generate up to 77.6 GWh of electricity per year, improving access to sustainable and inexpensive electricity for the Gorno-Badakhshan region's rural population.
KfW Development Bank has been implementing German financial cooperation programs with Tajikistan since 2002. The total amount of funds allocated since 2002 within the framework of financial cooperation between Germany and Tajikistan amounted to 310 million euros.