The OPEC Fund for International Development (OPEC Fund) has approved a $25mn loan to support Tajikistan’s Rogun Hydropower Plant (HPP) project. This is the first installment of a larger $100mn financing facility aimed at bolstering Tajikistan’s renewable energy sector and improving energy security. The Rogun HPP, a cornerstone of the country’s long-term energy strategy, is expected to have a transformative impact on both Tajikistan and the broader Central Asian region.
OPEC Fund President Abdulhamid Alkhalifa emphasized the importance of the project, stating: “Tajikistan has enormous hydro energy potential, and tapping into this natural wealth will strengthen energy security, independence, and export capacities. The Rogun HPP is not only a monumental engineering project but also a crucial step in securing Tajikistan’s energy future. The OPEC Fund is committed to supporting sustainable energy solutions that contribute to local and regional development.”
Tajikistan’s Minister of Finance, Fayziddin Sattor Qahhorzoda, emphasized that the Rogun Hydropower Plant is vital for the country’s growth and the transition to green energy. He noted that it addresses power shortages, enhances renewable energy access in rural areas, and positions Tajikistan as a key player in clean energy exports. He also expressed gratitude for the collaboration with the OPEC Fund in making this vision a reality.
The Rogun HPP is designed as a multi-purpose project with a 335-meter-high dam, which will be the tallest in the world. With a total generation capacity of 3,780 megawatts (MW), the plant is expected to meet Tajikistan’s energy needs while exporting surplus electricity to neighboring countries. The project will also regulate water resources and reduce risks from floods and droughts, further enhancing regional resilience.
The OPEC Fund's $25mn loan follows the signing of a Framework Financing Memorandum between the Fund and Tajikistan’s government in June 2024. To date, the OPEC Fund has financed 18 public sector projects in Tajikistan, spanning transportation, healthcare, and education sectors, signaling a deepening cooperation between the organization and the country.
The OPEC Fund for International Development was established in 1976 and focuses on driving sustainable development in low- and middle-income countries. With projects in over 125 countries, the Fund has committed approximately $27bn to initiatives that address essential needs such as energy, infrastructure, healthcare, and education.
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