DUSHANBE, Tajikistan, August 23. The Government of Tajikistan and the Qatar Fund for Development (QFFD) have signed a concessional loan agreement worth $50 million, under which QFFD will support the construction of the Rogun hydropower plant (HPP) in Tajikistan, Trend reports citing the country's Ministry of Energy and Water Resources.
The agreement was signed during QFFD Director General Fahad Hamad Al-Sulaiti’s visit to Tajikistan with a group of Qatari banks. He met with President Emomali Rahmon, who spoke about Tajikistan’s strong desire to build friendly and cooperative ties with Qatar, calling it a respected country and an important partner.
The Rogun HPP, located on the Vakhsh river, is designed to include six generating units, each with a capacity of 630 MW, bringing the total installed capacity of the plant to 3,780 MW upon full completion, according to the Rogun HPP Joint Stock Company. Two units are currently operational, while a third is expected to be commissioned later this year. Earlier reports had estimated the total installed capacity of the Rogun HPP at 3,600 MW after full completion.
Sustainable financing for the Rogun HPP project is part of a multiphase program, estimated at approximately $6.3 billion. The first phase, valued at $3.39 billion, is financed by the Asian Development Bank (ADB), the Islamic Development Bank (IsDB), the European Investment Bank (EIB), the Kuwait Fund for Arab Economic Development (KFAED), the OPEC Fund for International Development, the Saudi Fund for Development (SFD), and other financial institutions.
Once completed, the plant will feature a 335-meter-high dam and a reservoir with a capacity of 13.3 cubic kilometers, enabling it to generate an average of 14,400 gigawatt-hours (GWh) of electricity annually.
QFFD focuses on promoting human development, reducing poverty, strengthening health and education systems, supporting economic growth, providing humanitarian aid, and enhancing communities’ resilience to climate change.
