Barqi Tojik power holding (Tajikistan’s national integrated power company) now reportedly owes more than 1 billion somoni to Open Joint-Stock Company (OJSC) Sangtudinskaya GES-1, which operates the Sangtuda-1 hydroelectric power plant (HPP).
Sangtudinskaya GES-1 press center says Barqi Tojik’s debt has increased 265 million somoni (equivalent to some 30 million U.S. dollars) in nine months to September 30, reaching 1.029 billion somoni (equivalent to 110 million U.S. dollars).
Over the first nine months of this year, Sangtudinskaya GES-1 has reportedly supplied 479.3 million somoni worth of electric power to Barqi Tojik, meanwhile, the rate of payment was only 51 percent.
In January-September this year, Sangtuda-1 HPP has reportedly supplied 1.856 billion kWh of electricity to Barqi Tojik, which was 503 million Kwh more than it as originally planned and 39 percent more than in the same period last year.
In 2017, the Sangtuda-1 hydropower plant reportedly generated 1.849 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.
