Tag: Kuwait Fund for Arab Economic Development
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COP29: Tajikistan Goes for Green as Pollution, Climate Change Take Toll
Read More: COP29: Tajikistan Goes for Green as Pollution, Climate Change Take TollTajikistan’s longtime president has said his country plans to switch entirely to renewable sources of energy by 2032, though a recent World Bank report warns that climate change is already threatening Tajikistan’s energy and water security, which are key to development. At the United Nations climate conference in Azerbaijan, President Emomali Rahmon said on Tuesday…
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Tajikistan’s Rogun HPP project faces criticism for environmental violations
Read More: Tajikistan’s Rogun HPP project faces criticism for environmental violationsA coalition of international environmental groups has raised serious concerns over the Rogun Hydroelectric Power Plant (HPP) project in Tajikistan, citing violations of key social and environmental standards. The project, which is expected to receive multibillion-dollar loans from the World Bank and other international financial institutions, has been criticized for failing to meet essential safeguards.…
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Iranian firm wins contract at world’s 2nd largest hydroelectric plant
Read More: Iranian firm wins contract at world’s 2nd largest hydroelectric plantAn Iranian state-run company has won a contract for carrying out scientific modeling at the world’s second largest hydroelectric power plant. The Water Research Institute (WRI) said on Wednesday it had been awarded a contract by Tajikistan to carry out physical hydraulic modeling at Rogun Dam, a mega-project located some 110 kilometers to the northeast…
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In Financing Rogun HPP, the AIIB Refuses to Learn From Its Past
Read More: In Financing Rogun HPP, the AIIB Refuses to Learn From Its PastLast month, the Asian Infrastructure Investment Bank (AIIB) held its ninth annual meeting in Samarkand, Uzbekistan. For the bank, this was an opportunity to boast about its efficient timelines, its ambitious plans to build the “infrastructure for tomorrow,” and its more innovative approach compared to its peers. However, stories from communities across Asia and beyond…
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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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Asian Development Bank (3) Asian Infrastructure Investment Bank (7) Eurasian Development Bank (2) European Investment Bank (2) International Development Association (1) Islamic Development Bank (3) Kuwait Fund for Arab Economic Development (1) OPEC Fund for International Development (2) resettlement (1) Saudi Fund for Development (4) World Bank (15)