The EBRD loanto 25 million US$ will be provided to the Republic of Tajikistan to be on-lent to OJSC "Shabakahoi taksimoti bark" established as part of Barqi Tojik unbundling. The provision will be used to finance the development of smart grid metering infrastructure in the cities of Dushanbe, Dangara, Buston, Panjakent and their surroundings in Tajikistan.
The Project will target one of the key constraints to economic development in the country - limited access to the reliable energy supply. The Project's principal objectives are to:
(i) address most urgent needs for the replacement of aged infrastructure,
(ii) contribute towards the reduction of distribution network losses resulting in financial and CO2 emissions savings,
(iii) introduce modern billing and smart metering infrastructure, improve payment discipline and cash collection, support operational and financial efficiency and sustainability of the distribution sector.
ACCOUNTABILITY MECHANISM OF EBRD
The Project Complaint Mechanism (PCM) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an European Bank for Reconstruction and Development (EBRD)-financed project. If you submit a complaint to the PCM, it may assess compliance with EBRD's own policies and procedures to prevent harm to the environment or communities or it may assist you in resolving the problem that led to the complaint through a dialogue with those implementing the project. Additionally, the PCM has the authority to recommend a project be suspended in the event that harm is imminent. You can contact the PCM at email@example.com or you can submit a complaint online using an online form, http://www.ebrd.com/eform/pcm/complaint_form?language=en. You can learn more about the PCM and how to file a complaint at http://www.ebrd.com/work-with-us/project-finance/project-complaint-mechanism.html.
COMPANY CONTACT INFORMATION
Republic of Tajikistan,