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.
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Pope Francis calls on wealthy nations at COP29 to address "ecological debt" by forgiving poor countries' debts, fostering justice and solidarity in climate action.
Iran's Islamic Revolution Guards Corps (IRGC) has showcased advanced military capabilities during its “Great Prophet 19” drills, unveiling a new loitering munition, the "Rezvan" drone, and the “358 missile defence system” designed to protect strategic facilities like the Natanz nuclear plant.
Highland Park resident Sabrina gives a firsthand account of fleeing the devastating Southern California wildfires, as fierce 80 mph winds drive the Eaton Fire toward residential areas. In an exclusive interview, Sabrina details her experience joining the other 130,000 displaced citizens.
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