Tajikistan And AIIB Sign Financial Agreement For Rogun HHP Project
Date
12/23/2024 12:09:19 AM
(MENAFN- Trend News Agency)
DUSHANBE, Tajikistan, December 23. Tajikistan
and the Asian Infrastructure investment bank (AIIB) have executed a
financial accord amounting to $270 million for the initial phase of
the Rogun Hydropower plant Development Program, Trend reports.
According to the Ministry of Finance of Tajikistan, the
agreement was signed by Tajikistan's Minister of Finance, Fayziddin
Qahhorzoda, and Vice President for Investment Clients Region 2 and
Project and Corporate Finance, Konstantin Limitovsky.
The total financing provided by AIIB for the construction of the
Rogun HPP amounts to $500 million and will be allocated in two
phases under separate agreements.
The funds will be used to co-finance Lot 1 and Lot 3A of the
Rogun HPP, as well as to construct and reconstruct 55 kilometers of
roads, including bridges connecting local villages.
The Rogun HPP, located on the Vakhsh River, is planned to
consist of six units, each with a capacity of 600 MW. Two units are
already operational, with a third set to begin operation by 2025.
Once completed, the plant will generate over 17 billion kWh of
electricity annually, significantly boosting Tajikistan's energy
supply.
Upon full operation, the Rogun HPP will provide electricity to
nearly 10 million people in Tajikistan, helping to alleviate
regular winter electricity shortages. Additionally, about 70
percent of the electricity generated will be exported at affordable
rates to Kazakhstan and Uzbekistan.
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