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.
China’s export restrictions on rare earths have bolstered its geopolitical hand but triggered steep losses and production cuts for its magnet manufa...
Nestled in Central Asia, Kyrgyzstan emerges as a confident, proactive voice. In an exclusive talk with AnewZ, Foreign Minister Kulubaev shares a visio...
A planned 10% U.S. tariff targeting BRICS nations will be triggered only if they adopt policies deemed "anti-American", a source close to the Trump ad...
Trump Media & Technology Group has launched its global TV streaming service, Truth+, featuring Newsmax, in a move aimed at expanding its digital reach...
Huawei’s AI research unit has rejected allegations that its Pangu Pro Moe model copied Alibaba’s Qwen 2.5, insisting it was independently develope...
President of the Kyrgyz Republic Sadyr Zhaparov will pay a state visit to Dushanbe, Tajikistan on Tuesday, 8th July.
China’s Defence Minister Dong Jun has urged member states of the Shanghai Cooperation Organization (SCO) to push back collectively against what he called “hegemonic behaviour”, as defence ministers met for their annual summit in the eastern Chinese city of Qingdao.
Tajikistan and Qatar are exploring ways to strengthen their bilateral relationship, focusing on expanding cooperation in economics, trade, and investment.
Tajikistan's President Emomali Rahmon met with Chinese counterpart Xi Jinping on the sidelines of the 2nd Central Asia–China Summit in Astana. President Rahmon noted that Tajikistan places great importance on its "comprehensive strategic partnership" with China.
Australian researchers have pioneered a low-cost and scalable plasma-based method to produce ammonia gas directly from air, offering a green alternative to the traditional fossil fuel-dependent Haber-Bosch process.
A magnitude 5.5 earthquake struck off Japan’s Tokara Islands on Wednesday, with no tsunami warning issued but residents advised to remain vigilant.
The United States has rescinded licensing restrictions on ethane exports to China, allowing shipments to resume after a temporary halt and signalling progress in efforts to ease recent trade tensions.
Italy plans to grant approximately 500,000 work visas to non-EU nationals between 2026 and 2028, as announced in a cabinet statement. The initiative aims to address labor shortages by expanding legal immigration pathways
A deadly mass shooting early on Monday (7 July) in Philadelphia's Grays Ferry neighbourhood left three men dead and nine others wounded, including teenagers, as more than 100 shots were fired.
Nestled in Central Asia, Kyrgyzstan emerges as a confident, proactive voice. In an exclusive talk with AnewZ, Foreign Minister Kulubaev shares a vision of resilient diplomacy, green growth, and cultural exchange, shaping a future on its own terms.
Russian politician Roman Starovoit, who was dismissed from his post as the country’s transport minister by President Vladimir Putin on Monday morning, has been found dead in the Moscow region.
President of the Kyrgyz Republic Sadyr Zhaparov will pay a state visit to Dushanbe, Tajikistan on Tuesday, 8th July.
The Association of Football Federations of Azerbaijan (AFFA) has announced that Azerbaijan and Uzbekistan have officially submitted a joint bid to host the FIFA U-20 World Cup in 2027.
The United Nations Refugee Agency (UNHCR) calls on the international community to urgently increase funding to protect more than 1.4 million people who have returned or been forced to return to Afghanistan so far this year, including more than 1 million from Iran.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment