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.
U.S. President Donald Trump said there was an "all-day negotiation" on Tuesday with Iran, characterising the talks positively while also threatening t...
Iran says it is holding “positive” talks with Oman on reopening the Strait of Hormuz to shipping traffic, while an official source familiar with t...
Top Arab and Muslim foreign ministers agreed at a meeting in Amman on Wednesday to establish a mechanism to document alleged Israeli violations in Jer...
Start your day informed with AnewZ Morning Brief. Here are the top news stories for the 5th of August, covering the latest developments.
U.S. President Donald Trump said there was an "all-day negotiation" on Tuesday with Iran, characterising the talks positively while also threatening to hit Iran "really hard" if a deal was not reached.
Tehran had made plans to strike sites in Ukraine after Kyiv attacked an Iranian cargo ship in the Caspian Sea, a senior Iranian military adviser has said. Iran refrained from taking action after Kyiv said the strike was a mistake, Mohsen Rezaei told the state IRIB TV channel.
Start your day informed with AnewZ Morning Brief. Here are the top news stories for the 4th of August, covering the latest developments.
U.S. data analytics firm Palantir Technologies has reported a 93 per cent year-on-year jump in second-quarter revenue, even as the company faces continued criticism over its work with Israel's military and allegations linking its technology to the war in Gaza.a.
Iran says it is holding “positive” talks with Oman on reopening the Strait of Hormuz to shipping traffic, while an official source familiar with the negotiations has said an “agreement is within reach”.
Top Arab and Muslim foreign ministers agreed at a meeting in Amman on Wednesday to establish a mechanism to document alleged Israeli violations in Jerusalem, urging coordinated international action to protect the city's religious sites.
Pakistan has stepped up flood preparedness after the World Meteorological Organization (WMO) warned that El Niño is expected to strengthen from August, increasing the risk of more extreme weather worldwide as monsoon rains continue across the country.
Afghanistan has launched a five-year national health strategy to strengthen healthcare services as the country faces severe funding shortages, rising humanitarian needs and mounting pressure on its health system.
At least 14 people have been killed and several others injured after lightning struck across the eastern Indian state of Jharkhand, highlighting the dangers of the country's annual monsoon season.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment