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US$1 billion to be invested in hydropower projects in Tajikistan

US$1 billion to be invested in hydropower projects in Tajikistan

Tajikistan intends to build dozens of hydroelectric plants and attract up to US$1 billion (euro735 million) in foreign investment in the next three years to develop the ex-Soviet republic's huge hydropower potential, President Emomali Rakhmon said Monday.
Rakhmon said the government would create an international financial and electric power consortium with money from foreign investors, the national budget and private individuals to build some 80 power plants across the mountainous Central Asian nation _ the region's poorest.
The statement comes days after the Tajik government said it would break a US$1 billion (euro735 million) contract with Russian aluminum giant OAO Rusal for the country's largest hydropower project due to continuing disagreements.
International experts estimate the country's fast-flowing mountain rivers have a potential hydropower capacity of 527 billion kilowatt hours a year, among the largest in the world.
Energy sales would bring a substantial boon to Tajikistan, whose economy was ruined by civil war in the mid-1990s.


Updated : 2021-05-14 19:52 GMT+08:00