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    Tajikistan

    Tajikistan confirms key foreign partners to complete Roghun HPP

    Tajikistan confirms key foreign partners to complete Roghun HPP

    The completion of the Roghun hydropower plant in Tajikistan has been a longstanding ambition for the Central Asian nation, and recent developments indicate progress toward this goal. Spearheaded by the State Committee on Investment and State-owned Property Management (GosKomInvest), Tajikistan has identified several key international partners to finance the final stages of the project, ASIA-Plus reported.

    Photo: If built as planned, the Roghun hydropower plant will end chronic power shortages in Tajikistan and allow it to export electricity to neighboring countries
    Source: ASIA-Plus
    At a news conference held in Dushanbe on February 14, Sulton Rahimzoda, the head of GosKomInvest, disclosed the government's collaboration with prominent institutions such as the World Bank, the Asian Development Bank, the Asian Infrastructure Investment Bank, the OPEC Fund for International Development, and the Saudi Fund for Development.

    These entities have expressed interest in providing financial support to complete the construction of the Roghun hydropower plant, a vital infrastructure project for Tajikistan's energy sector.

    Last year, Tajikistan secured financing agreements with the World Bank and the Saudi Fund for Development, marking significant milestones in the project's funding efforts. The World Bank approved a grant of $15 mn from the International Development Association to support the Technical Assistance for Financing Framework for the Roghun Hydroelectric Power Project (HPP). Additionally, Tajikistan and Saudi Arabia signed a loan agreement worth $100 mn, aimed at co-financing the construction of Roghun's facilities to enhance renewable energy generation and foster green economy initiatives in the country.

    Negotiations with other potential partners are ongoing, with updates expected throughout the year, according to Rahimzoda. The involvement of these international institutions underscores the global significance of the Roghun hydropower plant and its potential to contribute to Tajikistan's sustainable development and energy independence.

    The Roghun hydropower plant project dates back to April 2008 when Tajikistan established OJSC NBO Roghun after terminating a contract with Russia's RusAl aluminum company. To fund the project, the Tajik government initiated the sale of shares in Roghun to the public in January 2010, issuing 6 bn somonis ($548 mn) worth of shares. Construction responsibilities were later entrusted to the Italian company Salini Impregilo, now known as Webuild.

    The project comprises several components, with the construction of a 335-meter-high clay core rockfill dam, projected to cost around $1.95 bn, being the most significant. Upon completion, the Roghun hydropower plant is expected to feature six turbines with a combined capacity of 3600 MW, generating an estimated 17.1 terawatt-hours of electrical work annually.

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    19.02.2024, 00:04   Comments (0)   2089
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