Month: May 2023
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OPEC Fund backs Tajikistan’s Rogun hydro plant with $25M loan
Read More: OPEC Fund backs Tajikistan’s Rogun hydro plant with $25M loanTajikistan’s landmark Rogun hydroelectric project has just received a $25 million boost in the form of a loan from the OPEC Fund. The loan is the first tranche of a US$100 million OPEC Fund financing facility for the project. Construction began on the Rogun Dam in the Soviet-era 1970s, only to be canceled after the…
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ADB Allocates $15 Million to Tajikistan for Power Grid Reconnection in Central Asia
Read More: ADB Allocates $15 Million to Tajikistan for Power Grid Reconnection in Central AsiaThe Asian Development Bank (ADB) has approved a grant of $15 million for a project to reconnect Tajikistan’s power lines to the Central Asian unified electricity grid. The reconnection, it is reported, will be carried out through mutual relations with Uzbekistan. “Through the Central Asia Regional Economic Cooperation (CAREC) program, ADB actively promotes regional power…
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Tajikistan’s Winter Electricity Rationing Starts Early
Read More: Tajikistan’s Winter Electricity Rationing Starts EarlyTypically, rationing in rural areas begins in late October, but this year the state power company announced the start of restrictions on electricity in late September. Winter has come early in Tajikistan, with the national power company, Barqi Tojik, notifying customers on September 21 that seasonal rationing of electricity would begin the following day “where…
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Civil society organizations and bankers discuss the Rogun HPP Project completion
Read More: Civil society organizations and bankers discuss the Rogun HPP Project completionThe issue of financing the Rogun HPP construction in Tajikistan, which has dangerous negative impacts on natural ecosystems and local communities, emerged as the main project discussed in the dialogue between civil society organizations and the management of the Asian Infrastructure Investment Bank (AIIB) at the 9th Annual Meeting of AIIB Governors held last week…
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Tajikistan Raises Over a Billion Dollars More for Rogun Hydropower Plant
Read More: Tajikistan Raises Over a Billion Dollars More for Rogun Hydropower PlantTajik President Emomali Rahmon, speaking at a meeting with the constructors of the Rogun hydropower plant, said that negotiations with the World Bank for a $650 million grant — and with the Asian Infrastructure Investment Bank for a $500 million loan — are in their final stages. Earlier, agreements on preferential lending were signed with…
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Saudi Fund Contributes $100 Million Towards Rogun Hydropower Plant
Read More: Saudi Fund Contributes $100 Million Towards Rogun Hydropower PlantThe Saudi Development Fund has allocated $100 million to finance the completion of the Rogun hydropower plant in Tajikistan. This was announced by the Ambassador Extraordinary and Plenipotentiary of the Kingdom of Saudi Arabia to the Republic of Tajikistan, Walid bin Abdulrahman Al-Rashidan, at a press conference dedicated to the 94th anniversary of the Kingdom…
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Rahmon Invites German Chancellor to Cooperate on Rogun HPP
Read More: Rahmon Invites German Chancellor to Cooperate on Rogun HPPDuring the summit of Central Asian countries and Germany on September 17 in Astana, Tajik President Emomali Rahmon spoke with German Chancellor Olaf Scholz on expanding Tajikistan’s cooperation with Germany and furthering Germany’s business interests in the country. The president noted the significant contribution made by the German Society for International Cooperation and the German…
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Tajikistan puts more money on table for construction of Rogun HPP
Read More: Tajikistan puts more money on table for construction of Rogun HPPTajikistan has allocated additional funds from its budget for the completion of the Rogun hydropower plant, Trend reports. According to a government decree, the Ministry of Finance has been instructed to transfer 40 million somoni (approximately $3.8 million) from the national budget to the Stabilization Fund for Economic Development to increase the authorized capital of…
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Kazakhstan have considered the possibility of exporting electricity from the Rogun HPP
Read More: Kazakhstan have considered the possibility of exporting electricity from the Rogun HPPTajikistan and Kazakhstan discussed the issue of exporting electricity from the Rogun HPP through the territory of Uzbekistan, the press service of the Ministry of Energy of the Republic of Kazakhstan reports. Kazakh Energy Minister Almasadam Satkaliyev held talks with Deputy Prime Minister of Tajikistan Usmonali Usmonzoda and Deputy Minister of Energy and Water Resources…
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S&P Estimates That Rogun HPP Will Cost Over $6 Billion To Finish
Read More: S&P Estimates That Rogun HPP Will Cost Over $6 Billion To FinishThe ratings agency S&P has estimated the cost of completing the construction of the Rogun hrydroelectric power plant in Tajikistan at $6.4 billion. The Tajik government is negotiating with a consortium of multilateral and bilateral creditors to provide a financing package covering about 50% of these costs. The other half of the financing is expected…
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Asian Development Bank (3) Asian Infrastructure Investment Bank (5) Eurasian Development Bank (2) European Investment Bank (2) International Development Association (1) Islamic Development Bank (2) OPEC Fund for International Development (2) resettlement (1) Saudi Fund for Development (4) World Bank (9)