The World Bank (WB) has authorised additional funding for Tajikistan to proceed with the execution of two vitality initiatives, Trend stories.
The initiatives are: The Central Asia South Asia Electricity Transmission and Trade Project (CASA-1000) and CASA Community Support Project.
According to the WB, the funding allotted for these two initiatives totals $21 million and is obtainable within the type of grant funding via the International Development Association (IDA).
Out of this whole, $11 million might be allotted to the CASA-1000 undertaking. This funding goals to cowl the remaining duties required to complete the development and begin utilizing the transmission infrastructure in Tajikistan. Currently, 95 p.c of the important thing infrastructure development has been completed, and the remaining half is anticipated to be accomplished by December 2024.
Furthermore, $10 million has been licensed to advance the ongoing CASA Community Support Project. This initiative is designed to reinforce entry to dependable vitality, improve social and financial infrastructure companies, and bolster native governance in communities inside undertaking’s areas.
CASA-1000 is an infrastructure undertaking with the target of transmitting surplus electrical energy from Central Asian international locations, significantly Kyrgyzstan and Tajikistan, to high-demand electrical energy markets in South Asian international locations, specifically Afghanistan and Pakistan.
The undertaking entails upgrading {the electrical} grids in taking part international locations via the development of recent substations and high-voltage energy transmission traces.
At the second, the WB is funding 27 initiatives in Tajikistan, amounting to a complete of $1.67 billion.
Source : Businesslend
