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.
Israel and Hamas said they had agreed to a long-awaited ceasefire and hostage deal, the first phase of U.S. President Donald Trump's plan to end a war...
Russia’s central bank has ruled the state violated minority shareholders’ rights in seized assets, signaling rare pushback against nationalisation...
A newly elected German mayor survived multiple stab wounds in a shocking family attack....
From Sunday, all non-EU citizens, including British visitors, will face new biometric checks when entering and exiting the EU under its long-delayed E...
Cristiano Ronaldo has become football’s first billionaire player, according to Bloomberg, which tracks the world’s richest individuals....
Video from the USGS (United States Geological Survey) showed on Friday (19 September) the Kilauea volcano in Hawaii erupting and spewing lava.
At least eight people have died and more than 90 others were injured following a catastrophic gas tanker explosion on a major highway in Mexico City’s Iztapalapa district on Wednesday, authorities confirmed.
At least 69 people have died and almost 150 injured following a powerful 6.9-magnitude earthquake off the coast of Cebu City in the central Visayas region of the Philippines, officials said, making it one of the country’s deadliest disasters this year.
Authorities in California have identified the dismembered body discovered in a Tesla registered to singer D4vd as 15-year-old Celeste Rivas Hernandez, who had been missing from Lake Elsinore since April 2024.
A powerful 7.4-magnitude earthquake struck off Russia’s Kamchatka Peninsula on 13 September with no tsunami threat, coming just weeks after the region endured a devastating 8.8-magnitude quake — the strongest since 1952.
Iran's Foreign Minister Abbas Araghchi rejected as “incorrect” the report by a Kuwaiti newspaper on recent contacts between Tehran and Washington and also condemned President Trump's threats of renewed attacks if Iran resumed nuclear enrichment.
Georgia’s Foreign Minister, Maka Bochorishvili sought to reassure the public that there is “no danger” to Georgia’s status as the European Union’s revised visa rules include Georgia.
Dushanbe enters one of its busiest diplomatic weeks in recent times as it gears up to host the Commonwealth of Independent States (CIS) heads of state and a Central Asia – Russia meeting. Both events are set to hold from 8 - 12 October in Tajikistan.
President of the Republic of Azerbaijan Ilham Aliyev welcomed a Croatian delegation led by Gordan Jandroković, Speaker of the Croatian Parliament, marking his first official visit to Azerbaijan.
A new stage of economic transformation is under way in Karakalpakstan, where authorities have announced 27 large-scale projects worth nearly $2 billion with an aim to boost growth in the region.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment