EADB may finance the Rogun Hydroelectric Power Station

The amount of investment has not yet been determined.

Photo: Internet

According to the Avesta agency, the Eurasian Development Bank (EDB) is exploring the possibility of financing several energy projects in Tajikistan, including the Rogun Hydropower Plant.

The Director of the EDB’s Strategic Projects Department, Viktor Lebedev, reported to journalists at a press conference on December 1 that a detailed study of several energy projects in Tajikistan is currently underway regarding financing, particularly two projects on the Zarafshan River and the Rogun Hydropower Plant.

The Director of the EDB’s Strategic Projects Department noted that the bank plans to invest $400 million in the development of the water and energy complex of Central Asian countries. In the future, depending on the financial sustainability of the projects, the amount of financing will be increased. “The EDB’s participation in financing this project and the amount of investment will be determined after a detailed study,” Lebedev noted.

In 2008, when the government began implementing the Rogun Hydropower Plant project, the total cost of the project was estimated at $3 billion. In 2016, it was reported that this figure had reached $3.9 billion. This year, the Ministry of Energy of Tajikistan reported that the cost of this project is $5 billion.