Kyrgyz Republic: Energy Emergency Assistance Project

WASHINGTON, November 25, 2008- The following project was approved today by the World Bank’s Board of Executive Directors:

 

IDA Credit:  US$5.5 Million

TERMS: Maturity = 40 years; Grace = 10 years

 

IDA Grant:  US$5.5 Million Dollars

 

Project Description: Energy Emergency Assistance Project for Kyrgyz Republic aims to respond to the urgent request made by the Government of the Kyrgyz Republic (GoKR) to support implementation of the Government’s Energy Emergency Mitigation Action Plan (EEMAP) and improve energy security in the country.The objectives of the EEMAP include: (i) sustaining thermal and heat energy supply in the shortest possible timeframe; (ii) initiating preparatory actions for the next two winters when the energy situation is likely to remain in deficit; and (iii) identifying actions to be implemented over the medium- and long-term to improve the energy security o f the country.

 

Media Contact

Michael Jones

(202) 473-2588

mjones2@worldbank.org