Tajikistan Power Sector Financial Recovery (WB-P168211)

Countries
  • Tajikistan
Where the impacts of the investment may be experienced.
Financial Institutions
  • World Bank (WB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Bank Risk Rating
U
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Jun 20, 2019
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Government of Tajikistan
The holder of the loan, grant, or other investment.
Sectors
  • Energy
  • Law and Government
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 116.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 258.04 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ WB website

Updated in EWS Apr 9, 2019

Disclosed by Bank Feb 4, 2019


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Project Description

According to Bank documents, this project aims to improve the financial viability of the power sector in Tajikistan, and to increase the reliability of electricity supply. Project components include adopting new electricity tariff methodology, restructuring the debt of state-owned Barqi Tojik, and rehabilitating and upgrading works at Barqi Tojik's electricity distribution networks. 

Investment Description
  • World Bank (WB)

This project is part of the Program-for-Results Financing. The total cost of the Tajik government's program is US$608 million.

Private Actors
Contact Information

Artur Kochnakyan
Senior Energy Specialist, World Bank
akochnakyan@worldbank.org

Takhmina Mukhamedova
Senior Energy Specialist
tmukhamedova@worldbank.org

Faiziddin Qahhorzoda
Minister, Ministry of Finance
minister@minfin.tj
 
Mirzo Ismoilzoda
Chairman, Barqi Tojik
barki_tojik@tajnet.com

Usmonali Usmonzoda
Ministry of Energy and Water Resources
uusmonov@gmail.com

ACCOUNTABILITY MECHANISM OF WORLD BANK
The World Bank Inspection Panel is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by a World Bank-financed project. If you submit a complaint to the Inspection Panel, they may investigate to assess whether the World Bank is following its own policies and procedures for preventing harm to people or the environment. You can contact the Inspection Panel or submit a complaint by emailing ipanel@worldbank.org. You can learn more about the Inspection Panel and how to file a complaint at: http://ewebapps.worldbank.org/apps/ip/Pages/Home.aspx