AIIB approves $500M program to boost regional energy security with hydropower in Tajikistan, addressing growing demand and promoting renewable energy in Central Asia.
The Asian Infrastructure Investment Bank (AIIB) has announced about approval of a multiphase programme with a total financing of $500 million to enhance regional energy security and promote renewable energy in Central Asia.
Cofinanced with a global consortium of donors, including the World Bank, the programme aims to enhance the supply of clean, affordable, climate-resilient hydroelectricity for Tajikistan and the broader Central Asia region. Central Asia’s energy demand is expected to grow by 40% by 2030 and triple by 2050, meaning the region urgently requires the development of renewable energy, reads the Bank’s statement.
“Investing in sustainable energy infrastructure is not merely about meeting today’s demands, but about empowering future generations with clean, reliable power that drives transformative growth, strengthens resilience and unlocks the full potential of the region,”- said Konstantin Limitovskiy, AIIB Chief Investment Officer.
The programme supports the construction of a hydropower plant on the Vakhsh River (a tributary of the Amu Darya River) that is 110 km from Dushanbe, the capital city of Tajikistan. With a designed generation capacity of 3,780 MW, the Rogun HPP is expected to improve electricity supply to about 10 million people in Tajikistan, alleviating persistent winter power shortages.
The large reservoir with a total reservoir capacity of 13.3km3 can supply firm energy during the winter season and provide reliable electricity to meet growing domestic demands at an affordable cost. Furthermore, it has the potential to export clean energy to Central Asian countries, generating significant export revenue for many years to come.
Tajikistan is ranked eighth in the world for hydropower potential, but only about 4% of this potential is currently exploited. The Rogun HPP is set to play a critical role in decarbonizing electricity grids across Central Asia.
German police have detained a suspect after a major fire broke out at the historic Kehlsteinhaus, known as the “Eagle’s Nest&rdqu...
Typhoon Champi swept past Taiwan on Saturday, leaving one person dead and more than 500 injured as strong winds and torrential rain brought down tr...
Canadian Prime Minister Mark Carney on Friday dismissed accusations that Canada planned to interfere in next month’s U.S. midterm elections, ...
Saudi Aramco has ordered staff to evacuate its headquarters amid escalating Houthi attacks on the kingdom. Two people were killed in an attack on Dammam airport, while Iran's IRGC Navy claimed strikes on seven vessels and warned the U.S. of a wider response.
Israeli military bulldozers have begun demolishing buildings in the West Bank city of Hebron on Friday, 23 October, following armed clashes with Palestinians that left two Israeli soldiers dead, according to the Israeli military.
Russian strikes on Ukraine overnight killed at least two people and injured 15 others, including two children, Ukrainian authorities said. Meanwhile, Russia said it had intercepted the vast majority of 630 Ukrainian drones launched towards Moscow.
Super typhoon Champi is set to batter Japan’s Okinawa Prefecture from Friday (23 October), bringing violent winds, torrential rain and waves up to 11 metres high, as airlines cancel flights and organisers scrap a major festival.
A powerful magnitude 7 earthquake has struck Tibet in southwestern China, killing 16 people and injuring 65, while forcing more than 12,000 residents to relocate as rescue teams respond to widespread aftershocks.
Foreign ministers meeting in Istanbul on Friday warned that renewed military strikes on Iran could deepen the regional conflict, urging diplomatic efforts to prevent further escalation.
Georgia’s Constitutional Court has extended hearings in a case seeking to ban five opposition parties, with proceedings now set to continue until 30 October. The court in Batumi will resume hearings on Monday, 26 October, after missing its original 23 October deadline.
Pakistan and the European Union have agreed to step up counterterrorism cooperation as security concerns over Afghanistan grow and tensions between Islamabad and Kabul persist.
The head of the Russian-led Collective Security Treaty Organization (CSTO) says Armenia has effectively withdrawn from the military alliance, despite not formally ending its membership.
Uzbekistan’s President Shavkat Mirziyoyev has approved a new alphabet, bringing the Latin-script Uzbek alphabet closer to other alphabets used in the Turkic world.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment