Eurasian Development Bank can finance the third phase of Toktogul HPP rehabilitation project, press center of the Bank reported.
According to it, a loan agreement between the bank and the KR on "Rehabilitation of Toktogul HPP. Phase 2" project came into force yesterday. The Eurasian Fund of Stabilization and Development allocates $100 million. The project is implemented in co-financing with the Asian Development Bank. It involves replacing the second and fourth units with the replacement / repair of auxiliary systems and equipment of the Toktogul HPP.
"Kyrgyzstan has also filed a preliminary application to the EDB for financing of the third phase of the project. Now it is under consideration of the bank's manager. The decision on it will be taken later," the EDB noted.