Groundbreaking ceremony for Sangtuda-2 station will open at 10:00 a.m. today.

DUSHANBE , February 20, Asia-Plus – An official groundbreaking ceremony for Sangtuda-2 hydropower plant is being held in Tajikistan today. Tajik President Emomali Rahmonov and visiting high-ranking Iranian delegation comprising Majlis (Iranian parliament) Speaker Gholam-Ali Haddad-Adel and Energy Minister Said Parviz Fattah are attending the groundbreaking ceremony. . As it had been reported earlier, Tajikistan […]

1738

Zarrina Ergasheva

20.02.2006 06:49

DUSHANBE

, February 20, Asia-Plus – An official groundbreaking ceremony for Sangtuda-2 hydropower plant is being held in

Tajikistan

today.

Tajik President Emomali Rahmonov and visiting high-ranking Iranian delegation comprising Majlis (Iranian parliament) Speaker Gholam-Ali Haddad-Adel and Energy Minister Said Parviz Fattah are attending the groundbreaking ceremony. .

As it had been reported earlier,

Tajikistan

and

Iran

signed a Memorandum of Understanding on Sangtuda-2 power plant in June 2005. The dam and power station will cost US$220 million in total, of which 180 million dollars will be financed by

Iran

. In addition, US$40 million will be extended by

Tajikistan

.

Once the power station is built, all the revenue over the next 12.5 years will go to

Iran

, which is investing in the project.

Tajikistan

will become the owner of Sangtuda-2 after this period expires.