Tajikistan: Nurek 500 kV Switchyard Reconstruction Project
In December 2008, the government signed a $54.77 million grant agreement with the Asian Development Bank (ADB) to fund the construction of a new 500 kilovolt (kV) GIS for the Nurek hydroelectric power plant. The fund was relent to Barki Tojik Open Joint Stock Holding Company (BT) at an interest rate of 5% per annum over a period of 25 years, including a 5-year grace period with the foreign exchange risk being borne by BT. The proceeds were from ADB’s Special Funds. The Nurek 500 kV Switchyard Reconstruction Project was estimated to cost some $66.90 million, of which the Government of Tajikistan was to put in $12.13 million as counterpart funding to the ADB grant. The project covered the construction of the new gas-insulated switchgear under a turnkey contract that would include a one-year guarantee period, and the recruitment of one consulting firm as the implementation consultant. The project was to be accompanied by a new 220 kV GIS in the same location, funded by German development cooperation through KfW under a separate loan agreement. The KfW-funded project was to be implemented first and completed by April 2011.
This report validates the completion report's assessment of the project. IED overall assessment: Successful.