The Government of Tajikistan has instructed the Ministry of Finance (MoF) to allocate additional 200 million somonis (approximately US$19 million) to increase the charter capital of the Open Joint-Stock Company (OJSC) NBO Roghun.
According to government resolutions, 110 million somonis will be allocated from the Stabilization Fund for Economic Development, and 90 million somonis will come from exceeding the planned revenue part of the national budget for 2025.
In accordance with a government decree of January 22 of this year, 150 million somonis was also allocated from this Stabilization Fund to increase the charter capital of OJSC NBO Roghun.
In 2024, OJSC NBO Roghun received about 280 million somonis (over US$25 million) from this Fund.
Contributions to the Stabilization Fund for Economic Development are made from exceeding the revenue part of the national and local budgets.
The national budget for 2025 specifies that 25% of such funds will be directed to the Fund.
It should be noted that in the national budget of the country for 2025, around 5 billion somonis (approximately US$480 million) are allocated for the construction of the Roghun hydropower plant (HPP). This constitutes almost 10% of the total state budget expenditures for the current year.
How much more is needed?
According to a MoF, agreements have been signed with several international donors and agencies for a total amount of US$812 million, of which US$462 million is loans and US$350 million are grants.
Negotiations are ongoing to attract funding from other partners of the Tajikistan government for development.
To complete the construction of the Roghun HPP project by 2035, US$6.4 billion is needed.
Overall, since 2008, more than 40 billion somonis (approximately US$4 billion) has been allocated for the construction of the Roghun hydropower plant, according to official data.
As a reminder, the president previously announced that the next hydro unit of the Roghun HPP is scheduled to be commissioned in 2025.
The first two units of the plant, which are currently operating at low capacity, were commissioned in 2018 and 2019.
In total, six units with a capacity of 600 MW each will be installed in the plant's powerhouse. The launch of the last unit is expected in 2029.
Once fully operational, the Roghun HPP, with an installed capacity of 3,600 MW, will become the largest hydropower plant in Central Asia.
After full commissioning, the annual electricity production will range from 13 billion kWh to 17 billion kWh, which is equivalent to 65-85% of the country's annual electricity output.
