Beijing (TDI): China’s Asian Infrastructure Investment Bank (AIIB) has committed $500 million to Tajikistan’s Rogun Hydropower Plant (HPP) project.
This was announced on January 6, following a financial approval on Dec 19, 2024.
According to a report, these funds will be disbursed in several phases, including an initial phase 1 loan of $270 million.
The Rogun hydropower project is located on the Vakhsh River, which is a tributary of the Amu Darya River some 110 kilometres from Dushanbe.
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With a designed capacity of 3,780 MW, a 335-meter-high dam, and a reservoir covering 170 square kilometres, the Rogun Hydropower Project (HPP) is poised to enhance electricity access for approximately 10 million people.
The project could potentially end Tajikistan’s persistent winter power shortages while establishing the country as a significant regional energy provider.
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Konstantin Limitovskiy, the Chief Investment Officer of the AIIB, highlighted the importance of the project, stating: “This initiative will play a vital role in advancing Central Asia’s green energy transition and ensuring energy security.”
He said that the motive of this investment was to provide sustainable energy infrastructure that could provide future generations with clean, dependable power.
