WASHINGTON, May 3, 2017 - The World Bank's Board of Executive Directors today approved: Nurek Rehabilitation Project
Project ID: P150816
Credit portion 1 - Maturity 38 years; Grace 6 years
Credit portion 2 - Materity 30 years; Grace 9 years
Rehabilitation of Nurek HPP will be conducted in two phases. The phased approach is due to unavailability of the total US$ 700 million required to complete all rehabilitation works. Thus, the US$ 350 million Phase I will finance rehabilitation of three units, the key infrastructural components of the power plant, replacement of six auto-transformers that are used to evacuate the generated electricity, all of the dam safety enhancement related measures, and technical assistance to BT. The preparation of Phase II of the project will commence in 2017-2018 when the Government of Tajikistan mobilizes the remaining US$350 million required to complete rehabilitation of Nurek HPP. There are no risks to sustainability of rehabilitated units and overall operation of Nurek HPP if Phase II is delayed or does not materialize. Phase I will finance the key infrastructural components of the plant and will strengthen the dam safety. Therefore, even if the remaining five units are not rehabilitated on time, safe operation of the plant will not be jeopardized.
Commitment Amount: US$ 225.70 million
For more information, please visit: https://projects.worldbank.org/P150816?lang=en