Rogun Hydro Project

in Aral Sea Basin, Tajikistan

335 metres

the tallest dam in the world

60,000

expected number of displaced people

KFAED Signs Loan Deal With Tajikistan To Help Finance Power Plant

A loan agreement was signed on Wednesday between Kuwait Fund for Arab Economic Development (KFAED), and the Republic of Tajikistan worth in total KD 5.2 million (estimated USD 16.9 million) to contribute to financing the Rogan Hydroelectric Power plant project.

In a press release, KFAED said that the project aims to enhance electricity production in Tajikistan by establishing a hydroelectric power plant with an installed capacity of 3,780 megawatts, which provides a sustainable and reliable source of energy.

The project will also help meet the growing local demand, enhance energy security, reduce carbon emissions and support the country’s efforts to achieve sustainable development.

The Fund added that this project is in line with the goals of the Paris Climate Agreement, indicating that Tajikistan seeks to reduce gas emissions by 40 to 50 percent by 2030 compared to 1990 levels, which supports its efforts to transition to a low-carbon economy and achieve environmental sustainability.

KFAED noted that this is the sixth loan provided by them to the Republic of Tajikistan after financing five projects in vital sectors such as road development and water network improvement with a total of 24.9 million dinars (about 80.9 million dollars).

KFAED Acting Director General Waleed Al-Bahar and the Minister of Finance of the Republic of Tajikistan Faiziddin Qahhorzoda signed the agreement.

Kuwait News Agency

Leave a Reply

Your email address will not be published.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

Search

Popular Posts

  • EIB to begin appraisal of Rogun HPP construction project in Tajikistan
    EIB to begin appraisal of Rogun HPP construction project in Tajikistan

    The European Investment Bank (EIB) has decided to initiate the process of appraising the Rogun hydropower plant (HPP) construction project in Tajikistan, Jozef Síkela, European Commissioner for International Partnerships said on X, Trend reports. Síkela and EIB representatives visited the Rogun HPP, accompanied by Deputy PM Usmonali Usmonzoda, who is responsible for its realization, during…

  • ADB Considers $500 Million Support for Tajikistan’s Rogun Hydropower Plant
    ADB Considers $500 Million Support for Tajikistan’s Rogun Hydropower Plant

    The Asian Development Bank (ADB) will continue supporting Tajikistan’s Rogun Hydropower Plant (HPP) project in 2025, the bank’s new country manager, Ko Sakamoto, announced on February 25. Speaking to reporters, Sakamoto emphasized that Rogun HPP is a top priority for the Tajik government, highlighting its significance for Tajikistan’s energy independence, regional stability and climate change…

  • Tajikistan’s parliament ratifies financing agreements for Rogun HPP construction
    Tajikistan’s parliament ratifies financing agreements for Rogun HPP construction

    The Parliament of Tajikistan has ratified a series of agreements to secure financing for the construction of the Rogun Hydropower Plant (HPP), a major infrastructure project aimed at bolstering the country’s energy capacity, Trend reports. The agreements were approved during the sixth session of the parliament’s sixth convocation. Among the key documents ratified were credit…

Categories