EBRD to provide an €81.6 million loan to Uzbekistan for development of electric power industry

Reportedly, for the realization of the project, the European Bank for Reconstruction and Development (EBRD) will provide a loan of €81.6 million for a period of 7 years, including a grace period of 30 months, at a rate of 1% per annum plus a 6-month Euribor rate and a commission of 0.5%.
 
The document approved the plan for the use of the EBRD loan, forecast schedules of debt repayment by Tashkent TPP JSC, Navoi TPP JSC, Takhiatash TPP JSC, Syrdarya TPP JSC and Talimarjan TPP JSC.
 
The project implementation period is 2 years (2021-2022). It is established that JSC Issiqlik Elektr Stansiyalari is responsible for the coordination and monitoring of the project. Tashkent TPP JSC, Navoi TPP JSC, Takhiatash TPP JSC, Syrdarya TPP JSC, Talimarjan TPP JSC are recipients of the loan and are responsible for its effective use and timely repayment.

Repayment of the principal debt, interest payments, one-time commissions and other expenses will be made at the expense of the TPP.