EFSD to provide $110 million loan for Kyrgyzstan’s Kambarata HPP-2
BISHKEK (TCA) — The Eurasian Fund for Stabilisation and Development (EFSD) Council members have supported an investment loan to Kyrgyzstan in the amount of US $110 million to be funded with EFSD resources with the aim to finance the project of Commissioning of the Second Hydroelectric Generating Unit at Kambarata hydro power plant (HPP) 2. The decision was made at the meeting of the EFSD Council on September 23 in Moscow. It was attended by members of the EFSD Council – Ministers of Finance of the EFSD member states – and chaired by Anton Siluanov, Minister of Finance of the Russian Federation. The range of the meeting participants also included experts, as well as representatives of Eurasian Development Bank, the Fund’s Resources Manager, the EDB Media Centre said.