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Eurasian Development Bank joins ADB project on Toktogul HPP rehabilitation

July 16, 2014

Rehabilitation of the Toktogul hydropower plant is expected to be co-financed by the Eurasian Development Bank and Asian Development Bank. This information came from the meeting of experts of Eurasian Development Bank with ADB representatives, EDB said.

The meeting allowed the sides to discuss the details of cooperation, to elaborate common approaches to evaluation of the project, to produce a detailed joint action plan.

Representatives of EDB and ADB signed the memorandum on the project and submitted it to the Kyrgyz side for signing.

The expected date of project termination is 31 December 2016.

The project financing scheme: $40 million ADB grant, $15 million ADB loan, $7 million Kyrgyz government and Electric Stations JSC.

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Source: AKIpress News Agency (Kyrgyz Republic)

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