The head of the Committee for Investments and State Property Management of Tajikistan, Sultan Rahimzoda, identified the government's development partners interested in financing the completion of the Rogun Hydroelectric Power Station (HPS), Asia Plus reports.
He named the following organizations as such partners: the World Bank, the Asian Development Bank, the Asian Infrastructure Investment Bank, the OPEC Fund, and the Saudi Development Fund.
Rahimzoda noted that agreements for financing the Rogun project were concluded last year with two of the aforementioned organizations: the World Bank, which allocated $15 million in technical assistance, and the Saudi Development Fund ($100 million).
According to him, negotiations with the remaining partners are ongoing, and the results will be known within the coming year.
Since the resumption of construction in 2008, over 40 billion somoni (approximately $4 billion) has been allocated for the completion of Rogun, including funds from the sale of shares of Open Joint-Stock Company "Rogun HPS" (890 million somoni), Eurobonds ($500 million), and the remaining portion from the state budget.
In early February 2023, the Ministry of Energy of Tajikistan reported that an estimated $6.2 billion would be required to complete the station's construction. The ministry emphasized ongoing negotiations with more than 10 development partners regarding Rogun's financing.
President of Tajikistan Emomali Rahmon stated during his parliamentary address on December 28 that 5 billion somoni ($456 million) were allocated for the completion of Rogun in 2023.
Background:
Rogun HPS will become the largest hydroelectric power station in Central Asia, with an installed capacity of 3,600 MW. The annual electricity generation after the station's full operation will range from 13 to 17 billion kilowatt-hours, constituting approximately 65%-85% of the country's total annual electricity production.
Overall, six units with a design capacity of 600 MW each are planned for installation in the powerhouse. The commissioning of the last unit is scheduled for 2029.
The construction of the station is divided into separate lots: LOT 1 – electromechanical equipment, LOT 2 – the dam of the power station, LOT 3 – right-bank structures, and LOT 4 – left-bank structures. It is expected that the construction of the station will be completed by 2033.
CentralasianLIGHT.org
February 15, 2024