Barqi Tojik power holding (a national integrated power company of Tajikistan) now reportedly owes 954.5 million somoni to Open Joint-Stock Company (OJSC) Sangtudinskaya GES-1 that operates the Sangtuda-1 hydroelectric power plant (HPP).
An annual meeting of shareholders of OJSC Sangtudinskaya GES-1 took place in Dushanbe on June 28 to review the results of work carried out in 2017.
According to press release issued by OSC Sangtudinskaya GES-1, Barqi Tojik now owes 954.5 million somoni to Sangtudinskaya GES-1
In 2017, the Sangtuda-1 hydropower plant reportedly generated 1.849 billion kWh of electricity. From July 31, 2009, when the plant was officially commissioned, to December 31, 2017, the Sangtuda-1 HPP reportedly generated 18 billion kWh of electricity.
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.
The Sangtuda-1 HPP was officially commissioned on July 31, 2009. The plant now reportedly provides around 15% of Tajikistan’s electricity output.
