The government of Tajikistan plans to allocate more than 10 billion somoni (over $1 billion) for the construction of the Roghun hydropower plant (HPP) in 2026, Finance Minister Faiziddin Qahhorzoda announced at a news conference in Dushanbe on February 13.
According to the minister, 8.2 billion somoni have been earmarked in the state budget specifically for completing the project. Additional funding is expected to be secured from international development partners. Qahhorzoda noted that a number of agreements have already completed all required domestic procedures and conditions.
Tajikistan has also gained access to World Bank grant financing. “The government has fulfilled all the necessary conditions to receive these funds. Disbursement under the first tranche of $350 million has begun. Negotiations on an additional $300 million have been successfully concluded, and these resources are expected to become available in the middle of the year,” he said.
Domestic procedures are also nearing completion to attract $150 million from the Islamic Development Bank, as well as $100 million each from the Saudi Fund for Development, the Kuwait Fund for Arab Economic Development, and the OPEC Fund. The minister added that the remaining step involves completing the tender procedures.
All procedures have also been finalized to secure $500 million from the Asian Infrastructure Investment Bank (AIIB), of which $270 million will be disbursed under the first tranche.
According to the Finance Ministry, approximately 11 billion somoni were allocated to the Roghun project in 2025, including 2 billion somoni for servicing Eurobonds.
Earlier, the Ministry of Energy and Water Resources (MoEWR) reported that some financing agreements signed with international partners had already entered into force. Activating agreements concluded in 2024–2025 required fulfilling several conditions, which took time.
The ministry emphasized that external financing will accelerate construction in 2026 and enable the third generating unit to be commissioned on schedule in September 2027.
About the project
With an installed capacity of 3,780 MW, the Roghun hydropower plant is set to become the largest hydroelectric facility in Central Asia. Once fully operational, it is expected to generate more than 14.5 billion kWh of electricity annually.
The powerhouse will house six generating units, each with a capacity of 630 MW. The final unit is scheduled to be commissioned in 2029. Currently, two units—launched in 2018 and 2019—are operating at reduced capacity.
