The Korea International Cooperation Agency plans to allocate $2.8 million to help fund hydroelectric projects in mountainous districts of Tajikistan, government agencies reported.
The Tajik Minister of Energy and Industry and the head of the KOICA office in Tajikistan signed an agreement recently for the construction of small hydroelectric power plants in the country, reports indicate.
The Korea International Cooperation Agency was founded as a government agency in 1991 to maximize the effectiveness of Korea's grant aid programs for developing countries by implementing the government's grant aid and technical cooperation programs.
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In other news, the Tajik government and the World Bank signed a memorandum of understanding on developing Tajikistan's energy sector to ensure stable economic growth, regional media reported.
The memorandum determines the basic principles of cooperation between the Tajik government and the World Bank. The document's main goal is to achieve stable development of energy resources in Tajikistan, electricity supply in the country and economic growth.
The other principles are to start and continue to carry out a feasibility study to assess the environmental and social impact of the Roghun hydroelectric power plant.