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<DIV dir=ltr class=gmail_attr><SPAN
style="FONT-FAMILY: Lato,sans-serif; COLOR: rgb(47,52,58); FONT-SIZE: 40px">Ceremony
marks start of work on major climate adaptation project in
Tajikistan</SPAN><BR></DIV>
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<P style="MARGIN: 0px 0px 17px">By <A style="COLOR: rgb(0,121,193)"
href="mailto:bennettv@ebrd.com" rel=nofollow
target=_blank>Vanora Bennett</A></P></DIV></DIV>
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<UL
style="MARGIN-TOP: 0px; FONT-FAMILY: Lato,sans-serif; MARGIN-BOTTOM: 10px; COLOR: rgb(47,52,58); FONT-SIZE: 16px">
<LI><STRONG>Ceremony marks start of rehabilitation at Qairokkum HPP</STRONG>
<LI><STRONG>US$ 196 million finance package from EBRD, EIB, Green Climate Fund
and Climate Investment Funds supports project started in 2014</STRONG>
<LI><STRONG>HPP to provide reliable supply of sustainable electricity for
500,000 people</STRONG></LI></UL>
<P
style="MARGIN: 0px 0px 17px; FONT-FAMILY: Lato,sans-serif; COLOR: rgb(47,52,58); FONT-SIZE: 16px">A
ceremony to mark the start of work was held today at <A
style="COLOR: rgb(0,121,193)"
href="https://www.ebrd.com/news/2018/ebrd-and-gcf-invest-in-hydro-power-in-tajikistan.html"
rel=nofollow target=_blank>Tajikistan’s Qairokkum hydropower
plant</A> (QHPP). The US$ 196 million financing package organised by the
EBRD is helping to complete the climate-resilient rehabilitation of QHPP to help
Tajikistan improve its electricity supply.</P>
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<P
style="MARGIN: 0px 0px 17px; FONT-FAMILY: Lato,sans-serif; COLOR: rgb(47,52,58); FONT-SIZE: 16px">The
work is the culmination of an investment programme that began in 2014, with
financing provided by the EBRD, the European Investment Bank (EIB), the <A
style="COLOR: rgb(0,121,193)" href="https://www.greenclimate.fund/home"
rel=nofollow target=_blank>Green Climate Fund</A> (GCF), the Climate
Investment Funds’ <A style="COLOR: rgb(0,121,193)"
href="http://www.climateinvestmentfunds.org/fund/pilot-program-climate-resilience"
rel=nofollow target=_blank>Pilot Programme for Climate Resilience</A>, <A
style="COLOR: rgb(0,121,193)"
href="http://www.ebrd.com/who-we-are/structure-and-management/shareholders/austria.html+"
rel=nofollow target=_blank>Austria</A> and the <A
style="COLOR: rgb(0,121,193)"
href="http://ebrd.com/who-we-are/structure-and-management/shareholders/uk.html"
rel=nofollow target=_blank>United Kingdom</A>. The government of Austria is also
funding technical cooperation support.</P>
<DIV><BR></DIV>
<DIV><SPAN
style="FONT-FAMILY: Lato,sans-serif; COLOR: rgb(47,52,58); FONT-SIZE: 16px">The
financing, comprising a US$ 88 million EBRD loan, a US$ 37 million EIB loan, a
US$ 50 million GCF loan and grant and a US$ 21 million Climate Investment Funds
loan and grant to the state-owned power utility Barki Tojik, will fund the
rehabilitation and modernisation of QHPP, a 60-year-old hydropower plant that
provides electricity to 500,000 people. Measures will include concrete dam works
and the installation of hydraulic steel components, turbines and
electromechanical equipment for the six hydropower units.</SPAN><BR></DIV>
<P
style="MARGIN: 0px 0px 17px; FONT-FAMILY: Lato,sans-serif; COLOR: rgb(47,52,58); FONT-SIZE: 16px">The
full rehabilitation will increase the plant’s installed capacity from 126 MW to
174 MW. The upgrade will introduce innovative climate resilience measures,
enabling the plant to cope with the expected impact of climate change on the
country’s hydrological systems.</P>
<P
style="MARGIN: 0px 0px 17px; FONT-FAMILY: Lato,sans-serif; COLOR: rgb(47,52,58); FONT-SIZE: 16px">It
will also build the capacity of the Tajik hydropower operator to anticipate,
assess and manage climate-related risks by introducing best international
practices from countries such as Canada.</P>
<P
style="MARGIN: 0px 0px 17px; FONT-FAMILY: Lato,sans-serif; COLOR: rgb(47,52,58); FONT-SIZE: 16px">Tajikistan
is one of the countries most vulnerable to climate change. Its glacial hydrology
and, by extension, its hydropower sector, are highly sensitive to the impacts of
climate change and the project offers a model of how carefully designed
investments can make hydropower more resilient. This model can be replicated
across the country and the region.</P>
<P
style="MARGIN: 0px 0px 17px; FONT-FAMILY: Lato,sans-serif; COLOR: rgb(47,52,58); FONT-SIZE: 16px">To
date, the EBRD has invested nearly €670 million (US$ 740 million equivalent) in
various sectors of <A style="COLOR: rgb(0,121,193)"
href="http://www.ebrd.com/tajikistan.html" rel=nofollow
target=_blank>Tajikistan’s</A> economy. The EBRD is also supporting
Tajikistan’s efforts to adapt to the effects of climate
change.</P></DIV><BR></DIV></DIV></DIV></DIV><BR clear=all>
<DIV><BR></DIV>-- <BR>
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<DIV><SPAN style="FONT-SIZE: 13px">Best regards,</SPAN></DIV>
<DIV><SPAN
style="FONT-FAMILY: Arial,Helvetica,sans-serif; FONT-SIZE: 13px">Tatiana
Shauro</SPAN></DIV>
<DIV><B style="FONT-FAMILY: verdana,sans-serif; COLOR: rgb(255,0,0)">I support<A
style="COLOR: rgb(17,85,204)" href="https://twitter.com/Fridays4future"
target=_blank> #FridaysForFuture.</A> Lets <SPAN
style="WHITE-SPACE: pre-wrap; LETTER-SPACING: 0px">Unite behind the
science.</SPAN></B><SPAN
style="FONT-FAMILY: Arial,Helvetica,sans-serif; FONT-SIZE: 13px"><BR></SPAN></DIV>
<DIV><SPAN
style="FONT-FAMILY: Arial,Helvetica,sans-serif; FONT-SIZE: 13px"><BR></SPAN></DIV>
<DIV><SPAN
style="FONT-FAMILY: Arial,Helvetica,sans-serif; FONT-SIZE: 13px">Communications
Department </SPAN></DIV>
<DIV dir=ltr><SPAN
style="FONT-FAMILY: Arial,Helvetica,sans-serif; FONT-SIZE: 13px">Regional
Campaigns Communications Officer EECCA </SPAN></DIV>
<DIV dir=ltr><SPAN
style="FONT-FAMILY: Arial,Helvetica,sans-serif; FONT-SIZE: 13px">(Eastern
Europe, Caucasus and Central Asia)</SPAN><BR style="FONT-SIZE: 12px"><SPAN
style="FONT-SIZE: 12px">Climate Action Network-International (CAN)</SPAN><BR
style="FONT-SIZE: 12px"><SPAN style="FONT-SIZE: 12px">Skype:
samaparodia</SPAN><BR style="FONT-SIZE: 12px"><A style="FONT-SIZE: 12px"
href="mailto:tshauro@climatenetwork.org"
target=_blank>tshauro@climatenetwork.org</A><BR style="FONT-SIZE: 12px"><SPAN
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<DIV><FONT size=2 face=Arial></FONT> </DIV>
<DIV style="FONT: 10pt arial">
<DIV style="BACKGROUND: #e4e4e4; font-color: black"><B>From:</B> <A
title=tshauro@climatenetwork.org
href="mailto:tshauro@climatenetwork.org">Tatiana Shauro</A> </DIV>
<DIV><B>Sent:</B> Wednesday, September 04, 2019 8:20 PM</DIV>
<DIV><B>Subject:</B> [can-eecca] Cc adaptation project in Tajikistan financed by
EBRD, EIB, GCF and CIFs</DIV>
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