Rogun Hydro Project

in Aral Sea Basin, Tajikistan

335 metres

the tallest dam in the world

60,000

expected number of displaced people

Tajikistan allocates additional $5.5mn funding for Rogun HPP

Tajikistan has taken another step in advancing the construction of the Rogun Hydroelectric Power Plant (HPP) by allocating an additional 60 mn somoni (over $5.5 mn) to bolster the authorized capital of Rogun HPP. This decision was made on April 8 and published on the legal information portal of the Ministry of Justice, ASIA-Plus reported on April 25.

Funds for this allocation are drawn from the Stabilization Fund for Economic Development, which receives dividends from government shares. The resolution mandates that Rogun HPP ensures the transparent and efficient utilization of the allocated funds and submits detailed expenditure reports to the Ministry of Finance.

In January, wherein the government earmarked 100 mn somoni (over $9.1 mn) from the same fund for the Rogun project.

The Stabilization Fund for Economic Development, primarily fueled by revenue surpluses from the republican and local budgets, serves as a critical financial resource for various developmental initiatives. Typically, funds from this source are allocated to fuel and energy industry projects, ensuring food security, bolstering social sectors, and servicing the state’s external debt.

In February, Tajikistan’s Finance Minister Faiziddin Kakhhorzoda revealed plans to allocate a total of 5 bn somoni (approximately $456 mn) over the year for the Rogun project, with a significant portion expected from external financing.

The Rogun HPP, upon completion, will be Central Asia’s largest hydroelectric facility, boasting an installed capacity of 3,600 MW. It is expected to generate between 13 to 17 bn kilowatt-hours annually, accounting for a substantial portion of the country’s electricity output. With six turbine units planned for installation, each with a capacity of 600 MW, the hydroelectric plant is anticipated to be fully operational by 2029.

Construction of the Rogun HPP is divided into distinct phases, including electromechanical equipment installation, dam construction, and bank structure development. The comprehensive completion of the project is slated for 2033.

Since its resumption in 2008, the Rogun project has received significant financial backing, with over 40 bn somoni ($3.7 bn) already allocated for its advancement.

Daryo

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Your email address will not be published.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