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Monday, August 21, 2017

EBRD channels over $75 million to Tajikistan hydroelectric power

The European Bank for Reconstruction and Development (EBRD) published a video detailing their rehabilitation of Tajikistan's Qairokkum Hydroelectric Power Plant (HPP) and Dam on Tuesday.

Approximately $75 million will be invested in the upgrades to two out of six turbines, which have an effective lifespan of roughly 30 years. The dam was built in 1956, and at the time it was the largest of its kind in Central Asia, with nearly twice the lifespan without renovations. Tajikistan relies heavily on hydroelectric power.

"This hydroelectric power station is the only one in the north of Tajikistan," said Fayzullo Avezov, general director of the Qairokkum HPP. "The area is industrially very developed. Apart from having a population of more than two million, there are big manufacturing and mining concerns, and they all need a reliable source of electricity."

According to the video this project is the largest and has the highest level of complexity within the country.

The video states that weaknesses of the power supply are the largest issue in doing business and securing investments. According to the EBRD, power shortages cost the economy approximately $200 million.

Organizations in this story

European Bank for Reconstruction and Development One Exchange Square London EC2A 2JN United Kingdom

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