The AIIB promotes the growth of clean and renewable energy in Tajikistan and Central Asia.

The Asian Infrastructure Investment Bank (AIIB) has approved a multi-phase program with a total funding amount of $500 million, including a Phase 1 loan of $270 million, to assist Tajikistan in completing the Rogun Hydroelectric Power Plant (Rogun HPP) project.

https://uzdaily.uz/ru/aiib-podderzhivaet-razvitie-chistoi-i-vozobnovliaemoi-energii-v-tadzhikistane-i-tsentralnoi-azii/2025-01-08 08:47:24

The project will be co-financed by the World Bank and potentially additional contributions from an international consortium of donors. The aim of the project is to enhance the supply of clean, accessible, and sustainable hydroelectric power for Tajikistan and the broader Central Asia region.

According to forecasts, energy consumption in Central Asia is expected to grow by 40% by 2030 and triple by 2050, indicating an urgent need for the region to develop renewable energy sources. The Rogun Hydroelectric Power Station will improve reliability and reduce the cost of electricity supply. The project addresses issues that hinder industrial productivity, including winter power outages that impact residents' lives and the overall investment climate.

“This project significantly contributes to the transition to green energy and energy security in Central Asia,” said Konstantin Limitoskiy, Chief Investment Officer at AIIB, Public Sector (Region 2) and Project and Corporate Financing (Global Clients).

“Investing in sustainable energy infrastructure not only addresses current needs but also ensures that future generations have access to clean and reliable energy, which will drive transformative growth, enhance resilience, and unlock the full potential of the region. This project is a prime example of AIIB's unwavering commitment to financing the infrastructure of tomorrow.”

Tajikistan ranks eighth in the world in hydroelectric potential, yet only about 4% of this potential is currently being utilized. The Rogun Hydroelectric Power Station will play a crucial role in decarbonizing the electricity networks of Central Asia, helping the region meet ambitious emission reduction targets outlined in nationally determined contributions.

By providing affordable renewable energy, storage solutions, and balancing services, the project will also facilitate the integration of large-scale solar and wind energy, making the region's electricity supply cleaner and more reliable.