Rogun Hydro Project

in Aral Sea Basin, Tajikistan

335 metres

the tallest dam in the world

60,000

expected number of displaced people

Tajikistan and the International Development Association Sign Grant Agreement to finance the Rogun hydropower project

On January 18, Tajikistan and the International Development Association (IDA) signed four grant agreements. The grant agreements were signed in Dushanbe by the Minister of Finance of Tajikistan Fayziddin Kahhorzoda, and the World Bank Country Manager for Tajikistan Ozan Sevimli.

The first financing agreement is a technical assistance to finance the Rogun hydropower project. The aim of the project is to develop a financing structure and commercial basis for the Rogun HPP project, increase environmental and social sustainability, increase transparency and support the implementation of the Rogun HPP program of interests. The total cost of technical assistance is 11.7 million special drawing rights, equivalent to $15 million.

The second financing agreement is a project to support the policy of stable and sustainable development of Tajikistan. The goal of the project is to support the government of Tajikistan policy of stable and sustainable development by improving the conditions for private sector investment, increasing the efficiency, transparency and accountability of the public sector, including state-owned enterprises, as well as strengthening social and environmental resilience to crisis situations. The total cost of the project is 39 million special drawing rights, equivalent to $50 million.

The third funding agreement is additional funding for a project to improve the sustainability of agriculture. The main goal of the project is to strengthen the foundation of a sustainable agriculture sector and support emergency intervention to address food problems in Tajikistan. The total cost of the project is 39 million special drawing rights, equivalent to $50 million.

The fourth agreement is an offer of prepayment for the preparation of a project for the construction of a private solar power plant in the Sughd region. The main purpose of the prepayment is to prepare a feasibility study for the project, a report on the impact of the project on the environment and social environment, transaction advisory services and basic project qualifications. As part of the agreement, $1.5 million is provided as an advance payment.

Leave a Reply

Your email address will not be published. Required fields are marked *

Search

Popular Posts

  • Tajikistan to Supply Rogun Hydropower to Uzbekistan at 3.4 Cents per kWh
    Tajikistan to Supply Rogun Hydropower to Uzbekistan at 3.4 Cents per kWh

    Tajikistan and Uzbekistan have agreed to a new phase of energy cooperation that will see electricity from Tajikistan’s Rogun Hydropower Plant (HPP) exported to Uzbekistan at an initial price of 3.4 US cents per kilowatt-hour, according to Tajikistan’s Ministry of Justice legal information portal. The price, which includes a zero-rated VAT, will increase by 1%…

  • Financing Rogun HPP Creates Risks for the Country’s Fiscal Health
    Financing Rogun HPP Creates Risks for the Country’s Fiscal Health

    The ambitious Rogun HPP construction project, designed to secure Tajikistan’s energy independence and turn the country into a major electricity exporter, could lead to serious problems for its financial stability. In their new economic outlook, analysts from the Eurasian Fund for Stabilization and Development (EFSD) warn that the massive financing of this megaproject is fraught…

  • Tajikistan urges IsDB to power up investment in renewables and Rogun HPP
    Tajikistan urges IsDB to power up investment in renewables and Rogun HPP

    Tajikistan has called on the Islamic Development Bank (IsDB) to boost support for green energy and the Rogun hydropower project, Minister of Economic Development and Trade of Tajikistan Zavqi Zavqizoda said during talks with IsDB President Muhammad Al Jasser, Trend reports. The meeting took place on the sidelines of the IsDB Group’s Annual Meeting, held…

Categories