The government of Tajikistan is set to allocate approximately TJS 5bn (around $460mn) for the construction of the Rogun Hydroelectric Power Plant (HPP) in 2024. Faiziddin Qahkhorzade, the Minister of Finance, made this announcement during the presentation of the draft law on the state budget of the republic for 2024 to the deputies of the lower house of the country's parliament.
The allocation plan includes TJS 2.8bn ($256mn) from centralized budget funds and an additional TJS 2.2bn ($201mn) from investment projects dedicated to the Rogun HPP construction. Minister Qahkhorzade revealed that TJS 4.3bn (approximately $395mn) had already been earmarked for the project in the first ten months of 2023.
Notably, the Rogun HPP has been funded exclusively through state funds since 2008, with more than TJS 35bn ($320mn) allocated from the state budget until now.
In 2022, a consortium was formed to attract international funds for the Rogun HPP, led by the World Bank. The Ministry of Finance disclosed that agreements have been secured to obtain a preferential loan of $500mn from the Asian Infrastructure Investment Bank.
Furthermore, the Islamic Development Bank expressed its intent to increase financing from the initially announced $150mn to $250mn. At the end of October, the Saudi Development Fund also declared its readiness to provide a loan of $100mn.
The Rogun Hydroelectric Power Plant (Rogun HPP), also known as Nerugohi barqii obii Rogun in Tajik, is currently being built on the Vakhsh River in Tajikistan as the upper stage of the Vakhsh cascade. When finished, the Rogun HPP's dam, standing at a remarkable height of 335 meters, will claim the title of the world's tallest. Additionally, the completed plant is expected to achieve a substantial capacity of 3600 MW, making it the largest hydroelectric power station in Central Asia.
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