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IDB allocates loan to modernise two Uzbekistan hydropower plants

Posted on 08 November 2012

The Islamic Development Bank (IDB) and Uzbek government have recently signed a financial agreement on the allocation of credit to the sum of $100 million for a modernisation project of two hydropower plants in the Tashkent region.
The agreement was signed during the Tashkent meeting of the Arab Coordination Group (ACG), which was attended by members of the Uzbek government and representatives of the financial and business sectors. The ACG includes the Islamic Development Bank, the Saudi Fund for Development and the Kuwait Fund for Arab Economic Development, the OPEC Fund for International Development and the Abu Dhabi Fund for Development………………………………………..Full Article: Source

 
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