DUSHANBE, August 5, 2016, Asia-Plus – Open Joint-Stock Company (OJSC) Sangtudinskaya GES-1, which operates the Sangtuda-1 hydroelectric power plant (HPP), says it did not sign Barqi Tojik’s debt repayment schedule.
The Sangtudinskaya GES-1 press service reports the Sanguda-1 HPP has supplied 249 million somoni worth of 1.2 billion kWh of electricity to Barqi Tojik over the first seven months of this year.
“To-date, we have received 128 million somoni from Barqi Tojik; since the beginning of the year, Barqi Tojik’s debt has increased by 120.5 million somoni and as of July 31, it amounted to 626.3 million somoni,” the Sangtudinskaya GES-1 press service said.
We will recall that Rustam Majidov, the head of the Barqi Tojik main finance department, told reporters in Dushanbe on August 2 that Barqi Tojik now owes 627.2 million somoni to the Russian-built Sangtuda-1 HPP.
According to him, Barqi Tojik and Sangtuda-1 HPP have reached an agreement on phased repayment of Barqi Tojik’s debt. “Over the first six months of this year, Barqi Tojik has repaid 103.5 million somoni to the Sangtuda-1 HPP,” Majidov added.
The Sangtuda-1 HPP is located on the Vakhsh River in Khatlon province, some 160 kilometers south of Dushanbe. The plant, consisting of four units with total capacity of 670 MW, was officially commissioned on July 31, 2009.
The construction of the Sangtuda-1 hydropower plant located some 110 kilometers southeast of Dushanbe began in the late 1980s. By the early 1990s, only 20% of the construction work had been completed, and further construction was suspended due to a civil war that broke out in Tajikistan in the early 1990s. The talks between Russia and Tajikistan on completing the construction of the Sangtuda-1 HPP began in 2003 and in 2004 the parties signed an inter-governmental agreement.
Russian-Tajik OJSC Sangtudinskaya GES-1 was established to complete the construction of the Santuda-1 power plant. Russia’s Inter RAO YeES and the Ministry of Energy and Industries of Tajikistan signed an agreement on the establishment of the company in Dushanbe on February 16, 2005.
Russia owns 75% percent of the shares minus one share and Tajikistan assumes the 25% ownership interest plus one share in Sangtudinskaya GES-1.
Barqi Tojik is a national integrated power company of Tajikistan. Barqi Tojik operates the Norak hydroelectric power plant (HPP), the largest hydropower plant in Central Asia with an installed generation capacity of 3 gigawatts (GW) and produces over 75% of Tajikistan’s electricity.
