Tajikistan is set to establish a System Operator for its electric power market by 2027, aimed at ensuring transparency and improving the relationship between market participants. The new operator will serve dual functions as both the market operator and a single buyer of electricity, according to the government’s Electric Power Sector Development Program for 2026-2030, which was approved at the end of November 2025.
The program outlines that the electricity market will operate under the "Single Buyer" model. Under this model, all electricity produced by independent power producers will be purchased by a single buyer, which will then supply the electricity to both domestic and regional markets.
The program’s authors note that as the market evolves, a shift to an "Open Market" model will be introduced, a move driven by the government’s initiative to foster greater competition and efficiency in the sector.
Additionally, the government plans to improve the financial stability of the sector by 2027, including implementing tariff policies that ensure companies can cover their basic operating costs. Corporate governance reforms are also on the agenda to address current financial challenges and create a more effective energy market.
Tajikistan’s current energy sector structure consists of state-owned companies involved in generation (OJSC Barqi Tojik), transmission (OJSC Shabakahoi Intiqoli Barq"), and distribution of electricity (OJSC Shabakahoi Taqsimoti Barq), as well as the Pamir Energy Company.
There are also four independent power producers on the market: OKSC Sangtudinskaya GES-1, OJSC Sangtuda-2, OJSC NBO Roghun (selling electricity to Barqi Tojik), and OJSC Orien HPP (selling electricity generated by HPPs operated by Pamir Energy).
It is to be noted that Orien HPP Company, with a charter capital of 3.45 million somonis, was established in May 2008. The founding shareholders of Orien HPP are OJSC Barqi Tojik owning 65.3 percent of the shares and the UK Brimsdown Industries Ltd assuming the 34.7% ownership interest in the OJSC Orien HPP.
Tajikistan’s power grid is divided into two main regions: the southern and northern parts, which are connected by a 500 kV transmission line. The bulk of the country’s power generation capacity (97.7%) is located in the south.
Barqi Tojik is a state-owned company responsible for operating and maintaining all hydropower plants in the country, with the exception of Roghun HPP, Sangtuda-1, and Sangtuda-2 HPPs. It also oversees 16 small HPPs and thermal power plants across Tajikistan.
Pamir Energy Company is tasked with generating, transmitting, and distributing electricity in the Gorno-Badakhshan Autonomous Region (GBAO) under a 25-year concession agreement with the government, which will expire in 2027. Upon the agreement’s conclusion, the energy assets will be returned to the government.
These developments mark a significant step in Tajikistan’s ongoing efforts to modernize its energy sector, address financial challenges, and improve the efficiency and transparency of its electricity market.
