Seeking to advance developmental goals in finance and policy reform, the European Bank for Reconstruction and Development (EBRD) is a development bank that provides project financing for banks, industries, and businesses, both in new ventures and in existing companies. The EBRD prioritizes its investments in industry; commerce; agribusiness; energy; infrastructure; and micro, small, and medium-sized enterprises. It operates in Europe, Central and West Asia, and North Africa. ADB and the EBRD have a mutual reliance agreement on procurement, making it easier to do joint contract cofinancing.
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The Asian Development Bank and Shamol Zarafshan Energy Foreign Enterprise Limited Liability Company signed a $52 million loan agreement to finance Uzbekistan’s first wind power plant and the largest yet developed in Central Asia. The 500-megawatt (MW) plant, to be located to the east of Zarafshan City, will comprise 111 wind turbine generators, each with a capacity of 4.5 MW.
ADB approved a $105 million grant to accelerate the implementation of ongoing reforms and improve the financial sustainability of the power sector in Tajikistan. The total cost of the program is $145 million, with the Government of Tajikistan providing $15 million, and the European Bank for Reconstruction and Development providing a $25 million loan. The program is expected to be completed in 2026.
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With cofinancing from the European Union and the European Bank for Reconstruction and Development, ADB implemented the Almaty–Bishkek Regional Road Rehabilitation Projects to improve road infrastructure and safety between the two economic centers. The rehabilitated road, completed in 2007, makes operational an economic corridor that links Europe to East Asia.
A partnership among ADB, the European Bank for Reconstruction and Development, Leading Asia’s Private Infrastructure Fund, and the Electric Networks of Armenia will modernize electricity distribution networks to ensure reliable electricity supply for the whole country. A major feature of the project is the advancement of gender equality in the utility’s business operations.
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