06:52
USD 84.22
EUR 93.82
RUB 0.91

World Bank allocates $13.6 million for Kambarata HPP 1 project

Ceremony of signing a loan and grant agreement on the additional financing for technical assistance to Kambarata HPP 1 project took place on September 9, 2024. The Ministry of Finance of Kyrgyzstan reported.

Funds in the amount of $13.6 million were provided by the International Development Association (World Bank), of which $2.6 million is a grant and $11 million is a loan.

The project is aimed at completing the feasibility study of Kambarata HPP 1, updating environmental and social studies, working out a development model and a financing plan. Under the agreement, funds will be used for physical modeling, site surveys and the necessary tests to ensure high-quality construction of the hydropower station.

Popular