The signing ceremony of a loan agreement between Tajikistan and the OPEC Fund took place in Vienna as part of a visit by a Tajik delegation headed by Deputy Prime Minister Usmonali Usmonzoda to Austria, reports Avesta.
The agreement, signed by Tajikistan’s Finance Minister Fayziddin Qahhorzoda and the President of the OPEC Fund for International Development, Dr. Abdulhamid Al Khalifa, concerns the financing of the Rogun Hydropower Plant (Lot 4) project, amounting to $25 billion.
The total financing provided by the OPEC Fund for the implementation of this project will amount to $100 billion, divided into four stages under separate agreements.
The goal of this project is to strengthen Tajikistan's energy security and economic development by increasing electricity production to meet domestic needs and export to neighboring countries in the region.
The financing of the Rogun Hydropower Plant project is considered an important step for Tajikistan, as it not only contributes to economic growth but also ensures sustainable energy supply, according to experts.
It is expected that the implementation of this project will significantly enhance Tajikistan's energy independence and create new opportunities for exporting electricity to neighboring states.
CentralasianLIGHT.org
October 11, 2024