BAKU, Azerbaijan, September 15. The European
Investment Bank (EIB) is contemplating a possible involvement within the
Rogun Hydropower undertaking in Tajikistan, a supply on the EIB informed
Trend.
It was famous that the EIB is cooperating carefully with different
International Financial Institutions (IFIs), specifically with
World Bank (WB), on an intensive evaluation of the Rogun HPP
undertaking.
“A Panel of Experts and Environmental and Social specialists are
reviewing technical, financial, and monetary elements of the
undertaking, together with social safeguards across the vital
resettlement of some 42,000 individuals. Given the scope and complexity
of the undertaking, a number of IFIs and bilateral financiers will probably be
concerned,” the supply on the EIB specified.
The supply identified that the financial institution’s financing in Tajikistan
helps improvement of the vitality sector, together with vitality
transmission and rehabilitation of energy crops to extend the
security and effectivity. As per the data offered to Trend,
the financial institution’s loans in Tajikistan quantity to 107 million euros as
now.
“In Tajikistan, comparable as in different nations of the Central
Asia, the EIB operations focus, In line with the EU priorities, on
the assist of sustainable connectivity and the transition in direction of
a sustainable, climate-neutral progress mannequin. In Central Asian
area, EIB’s assist to local weather motion is concentrated on financing
inexperienced infrastructure tasks – vitality effectivity, renewable
vitality, vitality transmission, water provide and sanitation in addition to
enchancment of the entry to finance of native SMEs assist,” the
supply stated.
Minister of Finance of Tajikistan Fayziddin Kakhkhorzoda
introduced in August that the nation’s authorities is about to
provoke direct negotiations by the top of this yr with potential
traders to safe further financing for the development of
the Rogun HPP.
Aside from the WB, the pinnacle of the Ministry of Finance talked about
the EIB, the Asian Development Bank (ADB), and others as potential
traders for the undertaking.
The put in capability of Rogun HPP is deliberate at 3,600 MW.
Following the plant’s full commissioning, the annual electrical energy
technology is predicted to vary from 13 to 17 billion
kilowatt-hours. The completion of the facility plant’s development is
anticipated by 2033.
