By Abdul Kerimkhanov
The launch of the Rogun HPP is a source of social and economic development of Tajikistan, as well as a reliable and sustainable instrument of regional cooperation in the interests of improving the welfare of the peoples of Central and South Asia.
Tajikistan must return the loan to China for 25 years to build a power line linking the Rogun HPP with Dushanbe.
Deputies of the lower house of the Parliament of Tajikistan discussed this project on March 28.
For the construction of 500 kV Rogun-Dushanbe power transmission lines, the Chinese Eximbank provided the Government of Tajikistan with $ 79 million. The parties signed the corresponding agreement in September 2017.
In accordance with the document, the Tajik side pledged to repay the loan with interest for 25 years. The money was received at 1.5 percent per annum, the report said. It is noted that the maturity of the debt is 300 months.
Chinese company TBEA carried the construction of the transmission lines. It had previously implemented a number of other projects in Tajikistan, including energy projects.
Two lines from Rogun to Dushanbe, a length of 100 kilometers with 402 pillars, were built and put into operation in November 2018.
The lines connect the capital with Rogun through the territory of Faizabad, Vahdat, Rudaki and Varzob. The substation "Dushanbe-500" was also built in the framework of project.
After the launch of the first hydraulic unit of the Rogun HPP on November 16, 2018, electricity was supplied through these lines to the electricity system of Tajikistan.
However, in early March, it was reported that the operation of the commissioned unit was temporarily suspended. The energy departments explain the decisions taken by the conduct of preventive maintenance to ascertain the health of parts of the hydraulic unit.
The Export-Import Bank of China is a state-funded and state-owned policy bank with the status of an independent legal entity. It is a bank directly under the leadership of the State Council and dedicated to supporting China’s foreign trade, investment and international economic cooperation.
With the Chinese government’s credit support, the Bank plays a crucial role in promoting steady economic growth and structural adjustment, supporting foreign trade, and implementing the “going global” strategy. It is committed to reinforcing financial support to key sectors and weak links in the Chinese economy to ensure sustainable and healthy economic and social development.
By the end of 2016, the Bank has 29 domestic branches and one domestic representative office in Hong Kong, four overseas institutions, namely, the Paris Branch, Representative Office for Southern and Eastern Africa, Representative Office for Northern and Western Africa, and St. Petersburg Representative Office.
Most of the electricity in Tajikistan is produced at HPPs.
The country has significant potential in the field of hydropower, which is still little realized. The total volume of hydropower resources is estimated at 527 billion kWh, including 202 billion kWh that are technically possible for use, and 172 billion kWh that are economically feasible for construction.
Abdul Kerimkhanov is AzerNews’ staff journalist, follow him on Twitter: @AbdulKerim94
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